All Germany articles – Page 12
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Foot Locker to acquire German athletic retailer Runners Point
Foot Locker is to acquire German athletic retailer Runners Point for e72m (£60.8m).Runners Point operates Sidestep and eponymous stores, as well as online subsidiary Tredex.The deal is subject to review by German competition authorities.Its stores are predominantly in Germany, although the retailer also has outlets in the Netherlands, Austria and ...
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Edeka to invest in store modernisation
Co-operative retail group Edeka aims to invest E1.6bn (£1.35bn) in the modernisation and extension of its store network and retail infrastructure, said chief executive Markus Mosa. The investment is a 10% increase on 2012.In 2012 Edeka posted sales of E44.8bn (£37.73bn), up 3.8% on the previous year. Its net income ...
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Lekkerland's reports net sales increase
Lekkerland’s net sales increased €127.2m (£109.4m) to €11.48bn (£9.87bn) during its 2012 financial year.The figures were adjusted for a discontinued operation in Eastern Europe. The group’s net profit rose 58% during the year to €80.3m (£69.1m), because of strong earnings in Germany. “We have a positive outlook for the future,” ...
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Rewe Group to invest in small online companies
Rewe Group is to invest in small online companies to gain ground in ecommerce.“We want to establish sort of a business incubator for start-ups,” chief executive Alain Caparros told business title Wirtschafts Woche. He said that Rewe may have underestimated the dynamics of online operations.Rewe also wants to extend its ...
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Otto Group to expand ecommerce operations
Otto Group is to invest E300m (£255.2m) in the expansion of its ecommerce operations over the next two years, according to managing director Rainer Hillebrand.The retailer aims to increase online revenues from E5.7bn (£4.8bn) in 2012 to E8bn (£6.8bn) in 2015.A key project is a new online brand, dubbed Collins, ...
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Multichannel retailer Otto Group reveals preliminary figures
Multichannel retailer Otto Group has revealed preliminary figures for the year to February 28.Consolidated revenues rose 1.7% to E11.8bn (£9.94bn).The group’s multichannel retail earnings rose 0.4% to E10.07bn (£8.48bn). Ecommerce revenues increased 7% to E5.7bn (£4.8bn), representing 57% of total retail turnover.In Germany, online sales were E3.7bn (£3.12bn).Chairman of the ...
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Metro Group reports decline in net profit
Metro Group reported a sharp decline in net profit by 86.3% to E101m (£86.1m) for the full year ended December 31.EBIT (before special items) suffered a double-digit decline across all formats with the exception of Galeria Kaufhof and real estate.Metro Group’s net sales rose 1.2% to E66.7bn (£56.8bn), supported by ...
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Group sales increase for DIY retailer Hornbach
DIY retailer Hornbach’s group sales increased 0.8% to E3.23bn (£2.75bn) in the year ended February 28.The Hornbach-Baumarkt fascia achieved growth of 0.6% to E3bn (£2.5bn) year on year. Consolidated like-for-like sales dropped 1.4% from the previous year’s level of 2.8%.
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Grocer Rewe Group records sales climb
The country’s second largest grocer Rewe Group’s sales climbed 2.7% to E49.7bn (£42.55bn) in its 2012 financial year.Turnover rose 2.4% in its domestic market and 3.6% abroad. The group’s store base shrank 1% to 15,538, mainly due to adjustments of the network, particularly for chains Penny in Germany and Billa ...
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Otto Group records rise in revenue
Online and mail order specialist Otto Group recorded a 2% rise in revenue to E2.1bn (£1.83bn) for the year to February 28, 2013.While not disclosing figures, the company said that it achieved its highest profit in a decade and that 80% of sales now come from ecommerce.Otto is restructuring its ...
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Grocer Coop plans to convert to Rewe banner
Grocer Coop is planning to convert its outlets to Rewe Group’s Rewe banner, Lebensmittel Zeitung reported.Rewe Group and Coop have been buying partners for several years. Additionally, Rewe Group has a silent partnership in the retailer, which is located in northern Germany. Rewe Group will make the most of the ...
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Zalando reports revenue increase
Online shoe and fashion retailer Zalando’s revenues increased 125% to E1.15bn (£1.01bn) in 2012.Preliminary EBIT loss widened to E90m (£79.2m) after a loss of E60m (£52.8m) in the previous period.The retailer said it broke even at EBIT level in Austria, Germany and Switzerland.
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Department store group Karstadt publishes 2011 figures
Department store group Karstadt has - 14 months after the end of the reporting period - published its figures for the year from October 1, 2010 to September 30, 2011.The retailer reported that sales fell 3.2% to E3.23bn (£2.79bn), resulting in a net loss of E20.8m (£18m).
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Discount store Aldi Süd to open numerous Australian stores
German discount store chain Aldi Süd has revealed plans to open up to 110 shops in Australia, 40 to 50 of which will be located in south Australia and 50 to 60 in the west of the country.Aldi said it was committed to the expansion, but that it would take ...
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Metro reports net sales rise
Metro reported a 1.2% rise in net sales to e66.7bn (£56bn) for the full year to December 31, 2012. Adjusted for the disposals of Makro UK and Saturn France, sales rose by 2.3%. EBIT fell to e2bn (£1.68bn) from e2.4bn (£2.01bn) in 2011.Sales at Metro Cash & Carry rose by ...
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Edeka to sell minority stake in Netto
Co-operative grocer Edeka is selling its 25% minority stake in discounter Netto in Germany to majority holder Dansk Supermarked, effective as of December 31.Edeka chief executive Markus Mosa said: “We are realigning our strategic focus on independent retailing and on companies in which we can hold operational responsibility.”
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Edeka considers revoking co-operation agreement with Netto
Co-operative grocer Edeka is considering revoking its co-operation agreement with Dansk Supermarked’s Netto in Germany.Edeka’s supervisory board will decide the fate of its 25% stake and its buying agreement with Netto.Discounter Netto has around 350 stores in the Northeast and entered the alliance in 2005. Reportedly, Edeka and Dansk Supermarked ...
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Aldi Nord chairman Berthold Albrecht dies
Berthold Albrecht, chairman of one of the family trusts of German discounter Aldi Nord and member of the board, has died at the age of 58.As well as the German and European operations, the son of Aldi Nord founder Theo Albrecht Sr was closely involved in its North American retail ...
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Metro Group’s major shareholder to reduce its stake
Metro Group’s major shareholder, the Haniel family, plans to reduce its stake in the retailer by 4.24% over the next 18 months.After the divestment, the family’s stake in Metro Group will fall to 30.01%, although it will remain the largest single shareholder.The Haniels have already cashed in E7.9m (£6.4m) Celesio ...
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Aldi Nord experiences significant profit decrease
Discounter Aldi Nord experienced a significant drop in profit in 2011, according to annual accounts from 18 of its 35 regional divisions.While sales increased slightly, cumulated profits were E55m (£44.6m) down on the previous year. Aldi blamed a weak non-food business and stiff competition in Germany.