All Germany articles – Page 14
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AnalysisLidl improvements drive Schwarz Group growth
German grocer Schwarz Group, operator of Lidl discount stores and Kaufland hypermarkets and superstores, increased sales by 6% to E63.4bn (£49.5bn) in the financial year to February 29.
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Tengelmann cautiously optimistic about future
Retail conglomerate Tengelmann has posted results for its financial year ending December 31, 2011.The retailer said it was cautiously optimistic about the future amid an uncertain economic environment as the euro crisis continues. Group turnover – including ecommerce operations but excluding the US business disposed of in March – increased ...
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AnalysisAnalysis: Are Karstadt's Euro-crisis cuts a sign of things to come?
German Karstadt department store group revealed today that it would cut 8% of its 24,000-strong workforce, in part due to the euro crisis.
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DIY retailer Praktiker stores to change to Max Bahr branding
DIY retailer Praktiker has confirmed its stores will be changing to the Max Bahr brand.About 120 Praktiker stores are to be converted by 2014, with the first rebranded stores launching in September this year. The programme includes the “complete conversion [of Praktiker stores] to the premium concept of Max Bahr”, ...
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AnalysisOtto Group differentiates brands as part of overhaul
Germany-based Otto Group is to restructure its core business after revenue growth slowed down from 12.5% to 1.7% in 2011.
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Schlecker to shut remaining XL stores
Insolvent drugstore chain Schlecker was to shut its remaining 350 XL stores following the closure of its eponymous shops this week.Initially, the retailer planned to sell these larger stores together with its more upscale Ihr Platz banner.However, the committee of its creditors decided there was no economically feasible future for ...
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Drugstore operator dm shows interest in Schlecker
Drugstore operator dm has shown an interest in insolvent retailer Schlecker.It is likely that dm is interested in Schlecker’s ecommerce operation.At present dm offers its private labels via Amazon, rather than operating its own online operation – a move it doubts would be profitable.
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Drugstore operator dm expresses interest in Platz stores
Drugstore operator dm has expressed an interest in acquiring 60 to 80 Ihr Platz stores from Schlecker, after a potential deal between Schlecker and investor Dubag broke down.Chief executive Erich Harsch said that the stores could be taken over and converted into dm’s store layout. Dm is currently on an ...
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GalleryStore of the week: Bio Company Brunnenstraße, Berlin
Bio Company is an organic supermarket chain of the kind that is relatively common in Germany, but a rarity in the UK.
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AnalysisAnalysis: What does Sainsbury’s e-book acquisition mean for the market?
Sainsbury’s raised eyebrows this morning with the announcement of its acquisition of the 64% stake HMV had in etailer and social media platform Anobii.
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DIY specialist Hornbach to ramp up expansion plans
DIY specialist Hornbach is to ramp up the pace of its expansion. In the current and next financial year, 15 new stores are to be built, most of which will be outside Germany in new markets such as Slovakia, Switzerland and Sweden. The retailer’s medium-term goal is to increase the ...
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Drugstore chain Schlecker’s German stores set to close
All of insolvent drugstore chain Schlecker’s 2,800 German stores are set to close after administrators to the business failed to find a buyer. Around 13,200 jobs will be lost in the country.After months of attempting to save it, administrator Arndt Geiwitz said there was no way to keep the business ...
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Discount chain Penny requests supplier contribution
Rewe Group’s domestic discount chain Penny is asking brand and private-label suppliers for a contribution of 2% to 2.5% of their sales to support its refurbishment programme. Penny is offering for suppliers to be featured in promotions and special leaflets in return. Since the end of February, Penny has converted ...
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Aldi Nord presses ahead with store modernisation
Hard discounter Aldi Nord is pressing ahead with the modernisation of its 5,000 stores in Europe. The intention is to convert all stores within two years. In Germany alone, Aldi Nord reportedly wants to invest E280m (£223.8m) per year, in addition to regular expansion costs of an estimated E200m (£159.9m). ...
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Redcoon Germany launches online shop on Facebook
Metro’s Redcoon Germany has launched an online shop on its Facebook page. As an extra incentive, special offers for Facebook users will include lower prices than on its regular web shop Redcoon.de.Redcoon expects to gain new customers with the measure. In three days, 500 more Facebook fans had been added, ...
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Real in talks with Auchan over sale of CEE business
Metro’s hypermarket division Real is in talks with French retailer Auchan over the sale of its Central and Eastern European (CEE) business, Manager Magazin reported. The operations include Poland, Russia, Romania, Turkey and Ukraine.In 2011, Real in CEE ran 110 out of 426 Real stores, with net sales accounting for ...
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Net sales at Metro rise
Metro’s net sales were up 2.2% to E15.6bn (£12.7bn) in its first-quarter ended March 31. In local currency, sales came in 2.6% above the prior year level. There was a calendar effect benefit but an EBIT loss of E9m (£7.3m) following a profit of E142m (£115.5m) in the prior year ...
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Grocer Edeka posts sales growth rise
Grocer Edeka posted 4.7% sales growth to E45.6bn (£37.1bn) in 2011. The retailer’s 4,500 independent shopkeepers reported sales of E20bn (£16.3bn), up 8.8%. Its discount store fascia Netto’s turnover increased 3.3% to E10.7bn (£8.71bn).Edeka opened 244 new Netto stores to reach a total of 4,100. It also opened 190 stores ...
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AnalysisCan Ikea change the face of consumer electronics?
Ikea has surprised us all with its plans to launch a range of living room furniture with integrated consumer electronics.
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Lidl provides sales and regional managers with iPads
Discounter Lidl is providing sales and regional managers with iPads equipped with a proprietary app showing shelf layouts, new listings and de-listings and staff scheduling in stores.The app – known internally as ‘Lidl Mobile Office’ – is designed to free managers’ time and reduce paperwork and was designed for Lidl ...