All Germany articles – Page 19
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News
C&A turnover flat at £5.56bn
Fashion retailer C&A generated turnover of e6.3bn (£5.5bn) in the year ended February 2010, up by just 0.03% on the previous year.Sales growth was seen in Belgium and Luxembourg (3.2%), in Austria (1.1%), in Germany (0.2%) and in its online business. But turnover dropped in Spain and Portugal (-2.6%), Eastern ...
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News
H&M sales jump 7%
Clothing retailer H&M has reported results for the first quarter to February 28, with sales jumping 7% to Skr24.85bn (£2.1 bn), compared with the same period last year. In local currencies, the increase was 13%.H&M had 1,992 stores at the end of February, up from 1,748 a year ago. ...
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News
Otto sales up 1.5%
Retail and services company Otto Group posted sales up 1.5% to €10.14bn (£9.3bn) on a comparable basis in the year to February 28, 2010.The German group’s operating profit is expected to be “well above the previous year”, the group said. A key growth driver was its ecommerce business, which ...
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News
Praktiker reviewing store network
DIY retailer Praktiker is reviewing its store network, retail trade magazine Lebensmittel Zeitung reported.The aim of the review, part of the Praktiker 2013 project, is to optimise the profitability of the network, after sales and earnings have repeatedly fallen below expectations in recent years. The focus seems to be mainly ...
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News
Metro Group sales down 3.6%
Metro Group has reported a 3.6% sales decrease to €65.5bn (£59bn) in 2009.EBIT before special items declined 8.9% to €2.02bn (£1.82bn). In Germany, group sales declined 0.6%, while overseas sales declined 5.5%adjusted for negative currency effects, international sales increased 0.7%. In Asia and Africa, sales increased 4.8%. The group has ...
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News
Rewe Group sales up 2.7%
Germany’s second-largest grocer Rewe Group generated group sales of €50.9bn (£45.4bn) in 2009, up 2.7% on the previous year.The growth was mainly achieved through acquisitions and expansion, as store numbers climbed 5% to 15,453 outlets. In Germany, sales grew 2.6%, while overseas operations grew 2.9%.The Penny discount division, present in ...
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News
Edeka considering expansion abroad
Grocery market leader Edeka is considering expansion abroad with its recently strengthened Netto discount banner, The Financial Times Deutschland reported.The retail group is said to be planning to open stores in foreign markets “in five years’ time at the latest”, preferably in Central and Eastern Europe but not necessarily in ...
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News
Rewej posts record sales
Rewe Group posted record sales of more than €50bn (£45bn) in 2009 but EBITA plummeted 27% to around €520m (£464m), according to German trade paper Lebensmittel Zeitung.Rewe’s grocery arm was seen as the “real winner of the crisis” in Germany, while its DIY stores and cash-and-carry operations were reported to ...
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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” - ...