All Germany articles – Page 15
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AnalysisSchlecker insolvent after it fails to secure funding
Schlecker, which as recently as 2009 was by far Germany’s largest drugstore retailer, has filed for insolvency after negotiations for interim financing failed.
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News
Netto to pilot revised store model
Edeka-owned German discounter Netto is piloting a revised store model in Verden-Hönisch, near Bremen in the north of the country. The shop has wider aisles, lower shelving, a brighter, contemporary interior design and clearer signage. The retailer said: “We are still far away from Aldi and Lidl and need to ...
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News
Home improvement retailer Praktiker relaunches
Home improvement retailer Praktiker has relaunched its store in Kaiserslautern, in the southwest. The store features a new pricing structure, better product descriptions and more services. The retailer has divided its lines into three segments. Entry-level products are branded ‘Budget’ with middle items ‘Praktiker’ and high-end goods consisting of A-brands. ...
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GalleryReischmann, Kempten, Germany
Outdoor activity stores that seek to make you part of the action while within the confines of a shop are something of a cliche.
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News
Drugstore Schlecker to file for insolvency
Drugstore retailer Schlecker is to file for insolvency. The development is not expected to have an immediate impact on the retailer’s staff or result in store closures in the short term.Schlecker failed to secure funds to keep it afloat while restructuring. “Necessary restructuring measures cannot be implemented as quickly as ...
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News
Celesio plans sale of logistics business
Pharmacy operator Celesio plans to sell its logistics business, inviting investment banks to pitch for the mandate to arrange the auction.Movianto is a contract logistics service provider for the pharmaceutical, bio-technology and healthcare industry and part of Celesio’s smallest and youngest division, Manufacturer Solutions. The subsidiary’s future has been uncertain ...
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News
Rossmann posts sales growth
AS Watson-controlled German drugstore chain Rossmann has posted sales growth of 10.5% to e5.12bn (£4.22bn) in its operating countries for 2011. It confirmed its forecasts from December and said it expects turnover of e5.6bn (£4.62bn) in 2012. In Germany the retailer increased sales by 10% to e3.81bn (£3.14bn) and announced ...
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News
Esprit launches new concept store
Hong Kong-based clothing retailer Esprit has launched a new concept store in Cologne as part of a strategy to strengthen its brand image and profitability. The store, dubbed the ‘lighthouse’ shop, operates from an urban loft space where shoppers can unwind as well as buy clothing.Esprit project manager Mike Ross ...
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News
Tengelmann buys 10% stake in Neonga
Retail group Tengelmann has bought a 10% stake in Berlin-based online game provider Neonga via Tengelmann Ventures. The deal is part of the retailer’s strategy to build a portfolio of financial investments in technology start-ups.Tengelmann Ventures told Planet Retail that investment would be focused on mobile, software and gaming companies ...
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News
Schlecker closes 400 stores
Drugstore operator Schlecker had to close about 400 stores in November and a further 200 will follow this month, according to Spiegel.Chief executive and owner Anton Schlecker is said to have already invested a double-digit million euro sum of the company’s private assets to restructure the chain, which lost its ...
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News
Globus launches first click-and-collect store
Hypermarket operator Globus launched its first click-and-collect store, called Globus Drive, on December 1.The first pilot is in Ensdorf, Saarland, close to the French border. Customers can select from a range of 6,000 products online for collection.Globus has invested e3m (£2.6m) in the standalone warehouse, which will serve up to ...
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GalleryK Town, Goettingen, Germany
German department store Karstadt has not been without its share of problems – not least of which has been its inability to garner sufficient sales to convince those who need convincing that it is a good long-term prospect.
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News
Metro Group appoints new chief executive
Metro Group has appointed Olaf Koch as its new chief executive from January 1, 2012, and Franz Markus Haniel as chairman of the supervisory board with immediate effect. Koch has served as chief financial officer of Metro Group since September 2009. Current chief executive Dr Eckhard Cordes revealed in October ...
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News
Metro Group appoints new chief executive
Metro Group has appointed Olaf Koch as its new chief executive from January 1, 2012 and Franz Markus Haniel as new chairman of the supervisory board with immediate effect. Koch has served as chief financial officer of Metro Group since September 2009.Current chief executive Dr Eckhard Cordes said on October ...
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Analysis
Aldi Nord last to act in European store revamp
German hard discounter Aldi Nord is about to embark on the biggest investment programme in its history, with plans to refurbish the entire European estate.
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News
Sale of Galeria Kaufhof in the offing
A sale of Metro-owned department store chain Galeria Kaufhof could be in the offing, as local press reported interest from billionaire Greek investor George Economou.Meanwhile, Nicolas Berggruen, owner of rival department store chain Karstadt, has also tabled a bid, according to reports. It is not known whether Berggruen is interested ...
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News
Metro halts sale of Real hypermarket operating division
Retail conglomerate Metro has called a halt to the sale of its Real hypermarket operating division for the time being. The plans have been put on hold because of the resignation of Metro chief executive Eckhard Cordes, according to reports.Until recently, UK-based private equity firm Apax Partners had been in ...
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News
Aldi Nord to embark on major investment programme
Aldi Nord, the more austere of Aldi’s two main operating companies, is about to embark on the biggest investment programme in its history with plans to refurbish all its European stores.A model unveiled in the Belgian town of Ghent is to serve as the blueprint for the new store design. ...
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News
Schlecker to close inefficient stores
Drugstore operator Schlecker plans to complete the closure of inefficient stores within the next five to six months as part of its strategy to return to profit by 2012.The retailer believes the move will cut out a 7% to 9% chunk of sales revenue that it regards as unprofitable. Schlecker ...
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News
Decrease in revenue at DIY retailer Praktiker
DIY retailer Praktiker has revealed revenues dropped 7% to E844m (£735m) for the third quarter ended September 30.Like-for-like sales were also down 7%, while revenues of the Praktiker banner in Germany fell 9%. However, its domestic Max Bahr banner reported revenues increased by 3%. International revenues continued to decline, particularly ...