All Germany articles – Page 12
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News
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.
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Otto Group acquires Neckermann.de. brand name
Otto Group has acquired the brand name and private labels of insolvent pure-play retailer Neckermann.de.The purchase includes the right to use the Neckermann trademarks, logos and internet domains in Germany. Otto Group also has the right to use Neckermann’s mailing list in Germany, although that is still subject to certain ...
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C&A rolls out click-and-collect services
Clothing retailer C&A has rolled out click-and-collect services across its operations in Germany.The service will allow customers to pick up items ordered online from any C&A store, at no extra charge. It came a week after rival retailer Karstadt unveiled a similar service.“With click-and-collect, we come one step closer to ...
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Amazon introduces Black Friday and Cyber Monday to France and Germany
Amazon has introduced Black Friday and Cyber Monday to its customers in France and Germany, with lightning deals and special offers to drive Christmas sales.As the promotion ran for its third year in the UK, ‘Le Black Friday’ and ‘Cyber Monday Woche’ entered the vocabulary of customers in Europe.Apple, Rakuten’s ...
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Aldi Nord to close smaller shops in Germany
Aldi Nord aims to close smaller shops in Germany of less than 6,500 sq ft.Trade publication Lebensmittel Zeitung reported Aldi Nord has raised its new store specification to 12,900 sq ft from 10,800 sq ft to house branded goods, bakeries and plastic bottle recycling. It has so far revamped 75% ...
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AnalysisAnalysis: International markets
Despite global economic problems, there are still opportunities for retailers to expand internationally. Rebecca Thomson reports on three markets that look likely to bear fruit.
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Sales increase at German drugstore group DM
German drugstore group DM’s corporate sales increased 11.3% to E6.87bn (£5.59bn) in its financial year ended September 30. Compared with the previous year, DM’s German turnover increased 14% to E5.11bn (£4.16bn).In its home country, the retailer was operating 1,345 drugstores, which is an increase of 89 stores on last year.Overseas, ...
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GalleryStore of the week: K-Town, Cologne
How do you take a 19,000 sq ft space with a 10 ft high ceiling in a German department store and make something of it?
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Netto Marken-Discount considers credit card payment trial
Edeka-owned discounter Netto Marken-Discount could launch a trial to accept credit card payments at a number of stores later this year.If successful, the pilot will be rolled out to about 200 stops in the mid-term and eventually all 4,000 stores nationwide, and Netto would be the first German grocer to ...
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Otto Group to restructure Otto, Baur and Schwab banners
Otto will increase its offering for young women, stocking a wider range of brands and Otto Group private-label products. Baur will focus on customers with more conservative values, while Schwab’s plus-size Sheego banner will be developed further. Otto Group also wants to increase synergies between its banners, and back-office functions ...