All Germany articles – Page 14
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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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News
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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News
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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News
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 ...
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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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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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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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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.