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“It’s a war and we want to survive,” says a Polish retailer.

 


WARSAW Polish fashion retailers may not survive coronavirus crisis if government, banks and shopping center owners do not help them bear the costs, lobby group said Friday as Poland closed non-essential stores to stop the spread of the virus.

A new lobby group set up by the retail industry said it had asked the state to help pay wages, mall owners to stop renting, and banks to suspend loan payments. The group claims that it represents 100 companies and that 200,000 jobs depend directly on their survival.

“It is not even a crisis, it is difficult to name it. It is unlike anything that has happened before … It is a war and we want to survive. I do not care about the financial results” , he cares. Piechocki, managing director of the largest Polish fashion retailer LPP, told Rzeczpospolita daily.

He said LPP, a local rival like H&M and Inditex, had enough resources to continue paying wages for the next 4-6 months. Before the crisis, he hoped to reach 10.5 billion zlotys (2.73 billion dollars) this year.

Tomasz Ciapala, CEO and majority owner of Lancerto, a manufacturer of men’s suits, said that many workers in the industry are paralyzed by fear of their jobs.

“Our union consists mainly of family businesses. Most of our employees, who have been with us for a long time, are afraid. It has far-reaching social effects. Mental illness, depression, suicide – these are all side effects of unemployment”, a said Ciapala. a videoconference on Friday.

Pawel Kaplon, partner of the private equity fund Paan Capital, compared the operation of fashion retailers to a large restaurant that hired suppliers and staff and bought products to prepare food for the next 100 days. And now must close.

“We have been cooking for the next six months, we have payments to come and we have nowhere to get the cash,” said Kaplon at the same conference.

The Polish parliament is expected to adopt a package of laws on Friday to help the economy and various industries survive the coronavirus crisis.

“Shopping malls, banks and we should all be part of these costs … because in the end each of us will win when this tsunami ends,” said Igor Klaja, founder of the famous sportswear brand 4F.

(Report by Agnieszka Barteczko; Edition by Elaine Hardcastle)

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