All Germany articles – Page 19
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News
Lidl prepares for stagnating German sales
Lidl is preparing for sales growth to flatten out in its domestic market.Sales in Germany are reportedly stagnating as new stores cannibalise sales. Lidl has opened over 80 stores in the past year in Germany.However, according to German trade paper Lebensmittel Zeitung, the group is close to acquiring Tengelmann’s Plus ...
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News
Aldi maintains profit in Germany
Despite massive price cuts and falling sales during 2009, Aldi managed to maintain its profit margins in Germany.According to German trade magazine Lebensmittel Zeitung, sales declined by around 3% to 4% for Aldi Nord and 1% to 2% for Aldi Süd, mainly due to 12 rounds of permanent price cuts ...
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News
Schlecker renovating stores
Pharmacy giant Schlecker is to make changes to its store portfolio this year in an effort to fend off its aggressively expanding rivals, DM and AS Watson-owned Rossmann.The retailer plans to renovate up to 500 of its 9,000 traditional Schlecker outlets, steam ahead with rapid expansion of its larger XL ...
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News
Like-for-likes sales down 1% for Douglas Group
Perfumery operator Douglas Group admitted that the global economic and financial crisis hampered its 2008/09 financial year, as it posted results for the period.Consolidated sales rose 2.3% to E3.2bn (£2.9bn). However, like-for-like sales slid 1% against the previous year’s figure.The brakes were applied to the retailer’s capital expenditure during the ...
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News
Retail sales down in Germany
Retail sales fell 2.8% year on year in November and are expected to have declined by about 2% for 2009 overall, according to Germany’s Federal Statistical Office.Sales for the first nine months were down 1.8%. Products experiencing declines included clothing, which were down 3.5% on the year.Personal care and prescription ...
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News
Metro pulls out of deal with Privileg
Metro Group-owned consumer electronics superstore operator Media-Saturn is understood to have pulled out of a deal to acquire the Privileg household goods private label.The label - the German market leader in washing machines, tumble dryers and kitchen stoves - was bought by the Otto mail order group from Arcandor in ...
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Analysis
Festive sales held up but expect a bleak first quarter
The first sets of Christmas trading results have started to trickle in this week and by all accounts Christmas 2009 is unlikely to have been the disaster that everybody was expecting.
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News
Metro Cash & Carry unveils new portfolio of private-label brands
Metro Cash & Carry has unveiled a new portfolio of private-label brands that it intends to roll out to all the countries in which it operates.The six private labels include Aro, which comprises 700 food and non-food products and Fine Food, with 700 SKUs aimed at independent food traders and ...
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News
Jürgen Kluge to take over as chairman of Metro Group’s supervisory board
The designated chief executive of German conglomerate Haniel, Jürgen Kluge, will also take over as chairman of Metro Group’s supervisory board in 2010.Kluge will be appointed as Haniel chief executive in January and then in a few months to the position at Metro, Haniel’s most important holding.The reshuffle is understood ...
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NewsRetailers target Europe for low-risk expansion
Retailers are still keen to expand internationally despite the recession, although most are focusing on the more mature Western European markets to limit risk.
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News
Celesio reports a 2.9% fall in sales
Healthcare and pharmaceutical company Celesio has reported a 2.9% fall in sales to E2.54bn (£2.26bn) at its Patient and Consumer Solutions division for the first nine months of this year.Growth in local currencies was 6.1%. The division’s EBITDA declined by 3.3% to E218.6m (£194.8m). In local currency terms, this corresponded ...
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News
Lidl teams up with Nabtaaler Milchwerke to launch private-label lines
Discounter Lidl has teamed up with Bavarian dairy company Nabtaaler Milchwerke to launch Lidl’s first regional private-label lines. Lidl has been selling Bavarian long-life milk for some time in some regional divisions to support dairy farmers in the federal state. The discounter registered the trademark “Ein gutes Stück Heimat” - ...
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News
Rewe Group to acquire Coop Germany’s Sky supermarket network in the south
Retail conglomerate Rewe Group is to acquire Coop Germany’s Sky supermarket network in the south of the country, comprising 39 Sky stores as well as a warehouse and office premises in Ulm.The acquisition sees Rewe strengthen its presence in Baden-Württemberg and Bavaria. The Sky stores generate around E150m (£137.8m) of ...
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News
Metro Group sees first signs of a recovery in Eastern European markets
Metro Group has said it is seeing the first signs of a recovery in its Eastern European markets. However, chief executive Eckhard Cordes also warned of tough times ahead in the retailer’s home market of Germany.He said the crisis was not over yet and pointed out that Europe’s largest economy ...
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AnalysisOtto spearheads the changes in home shopping
Otto may have just turned 60, but the world’s biggest home shopping group is evolving its model to stay relevant to the times. Lisa Berwin reports
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NewsEuropean comeback to lift Kingfisher and Kesa
France and Germany’s emergence from recession is likely to benefit Kingfisher and Kesa, which both have big operations in the countries.
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News
Escada files for bankruptcy
Fashion house Escada has filed for bankruptcy after it failed to line up financing and an insufficient number of shareholders of the Munich-based women’s clothing and accessories company supported a debt-restructuring plan.The bankruptcy filing will be examined by a judge who will then appoint an administrator. Escada employs more than ...
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News
Tengelmann to overhaul Kaiser’s Tengelmann supermarket network
Retail conglomerate Tengelmann is preparing to overhaul its German Kaiser’s Tengelmann supermarket network and is considering selling some of the stores in order to lift the network’s profitability, according to local trade press.The chain consists of about 710 stores nationwide, but the review is expected to focus on trimming its ...
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News
Otto apologises for wrongly priced goods
Mail order and online retailer Otto has apologised to customers after more than 6,500 orders were placed for laptops at massively discounted prices, owing to a pricing error on its website.A variety of laptops, including MacBooks, worth up to e2,000 (£1,714) were advertised at between e30 and e50 (£25.60 and ...
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NewsGerman fashion house Escada to file for insolvency
German fashion house Escada has failed to get enough backing for a crucial part of its financial restructuring plans and said it will file for insolvency this week.