All Germany articles – Page 15
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News
Rewe Group to convert Penny discount chain
Rewe Group is converting its ailing Penny discount chain to a new concept, akin to a supermarket with more brands, fewer non-food items and new management. Sales at converted stores have risen 10% to 20%. So far, 250 of about 2,400 Penny stores have been refurbished.At its supermarkets, Rewe plans ...
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News
DIY retailer Hornbach reports sales increase
DIY retailer Hornbach, in which Kingfisher has a minority stake, has reported that preliminary sales rose 6.2% to E3.2bn (£2.67bn) for the year to February 29, 2012. DIY sales in Germany increased 5.4% to E1.73bn (£1.45bn), while like-for-likes were up 5.8%. International like-for-likes grew 1.6%, excluding currency effects, but fell ...
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News
Metro Group’s Real hypermarkets to lose chief executive
Joël Saveuse, the chief executive of Metro Group’s Real hypermarkets business, has stepped down and will leave the business on March 31. Saveuse was reportedly considered for the group chief executive role when Dr Eckhard Cordes stepped down last October but then chief finance officer Olaf Koch was appointed.
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Penny updates refurbishment plans
Grocer Rewe’s discount division Penny has updated refurbishment plans in its domestic market. The discount division hopes to convert 600 stores to the new model this year following the recent start of the programme in Berlin and Cologne. The revamp is expected to be completed by the end of 2014. ...
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Schlecker to cut domestic store network
Struggling drugstore business Schlecker intends to cut its domestic store network from 5,410 to 3,000 shops, according to insolvency administrator Arndt Geiwitz.The retailer said it would discuss plans with its employees and their representatives before announcing which stores would be closed. It also intends to slash its logistics network from ...
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Lekkerland to offer new Barpay ecommerce payment system
Wholesaler Lekkerland is to offer a new Barpay ecommerce payment system at the over 18,000 stores it supplies. Shoppers who order products via the internet but do not want to pay with credit cards or use any other online payment method simply print a barcode along with their receipt. In-store, ...
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News
Lidl works on streamlining product ranges
Discount supermarket chain Lidl is working on streamlining its product ranges in Germany. Fewer articles but higher profitability is the objective for all departments, from buying to logistics and distribution. Chief executive Karl-Heinz Holland and buying director Robin Goudsblom hope that the change will reduce handling costs at stores and ...
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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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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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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.