Vögele Shoes, hit by coronavirus, to lose 60 stores
Switzerland’s second-biggest shoe chain Vögele Shoes is to close 60 stores in the country owing to the effects of coronavirus and online competition, its boss has told the media.
This content was published on
1 minute
Keystone-SDA/jc
The retailer, which has been owned by CCC of Poland since 2018, is to downsize from 160 stores “to about 100 good stores”, its CEO Max Bertschinger told Blick.ch in an article published on Friday. However, he did not say what this would mean for jobs.
Bertschinger blamed falling revenues, with sales having halved to CHF17 million ($18 million) during the coronavirus lockdown between April and the end of June. Vögele Shoes is also facing stiff competition from online retailers, especially from the ready-to-wear site Zalando.
Switzerland to intensify border checks during sporting events
This content was published on
In the context of events including the European Football Championships and the summer Olympics, border security will be increased.
Integration of Credit Suisse into UBS now complete
This content was published on
Credit Suisse AG was formally integrated into UBS AG on Friday, with the former being subsequently deleted from Canton Zurich's commercial register.
This content was published on
The list of cities in the running as well as the requirements they need to meet have not been disclosed. A decision is to be made by the end of August.
UBS fined CHF50,000 for suspected money-laundering negligence
This content was published on
Switzerland’s finance ministry has fined UBS bank CHF50,000 after employees allegedly failed to report red flags of money laundering over several years.
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
More job cuts as Covid-19 hits business
This content was published on
More Swiss firms are announcing job cuts after the coronavirus crisis hit their business in the second quarter of the year.
Tour group blames coronavirus for 70 Swiss job cuts
This content was published on
German tour operator TUI is to close eight of its 62 branches in Switzerland with the loss of around 70 jobs, owing to the effects of the coronavirus crisis.
Swiss labour market shows signs of recovery after Covid-19 slump
This content was published on
A survey of companies and an analysis of advertised posts indicate that the job market is recovering from the impact of the coronavirus pandemic.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.