All Germany articles – Page 16
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News
Lidl changes expansion criteria in Germany
Schwarz Group-owned discounter Lidl is changing the criteria for expansion in Germany, defining higher sales targets and a larger catchment area for new stores. The new measures foresee a minimum turnover per store of E5m (£4.4m), which is higher than the estimated average of E4.9m (£4.3m) for its existing network.To ...
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News
Eckhard Cordes resigns from Metro
Eckhard Cordes, chief executive of retail group Metro, announced that he will be resigning from his post by October 31, 2012. He has lead Metro since 2007 and will be a member of the supervisory board until his successor is found.
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News
Hugendubel bookstore chain launches company’s first e-reader
Publishing company Weltbild and its Hugendubel bookstore chain have launched the company’s first e-reader. The eBook Reader 3.0 sells for E60 (£52), compared with E99 (£86) for Amazon’s Kindle, and has a colour display and capacity to hold 2,000 books. The company offers more than 120,000 e-books for download.
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News
Penny plans revision of store network
Rewe Group-owned discounter Penny has plans to revise its store network in Germany, forecasting the closure of 120 to 140 stores during the next year. According to reports, nearly half of the approximately 2,400 stores are currently in the red. As for the remaining network, Rewe Group reportedly wants to ...
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News
DIY operator Hornbach reports net sales increase
DIY operator Hornbach reported net sales up 7.5% to e1.78bn (£1.53bn) for the six months to August 31. Total second-quarter sales rose 3.9% although net income was down 8.3% to e50m (£44.3m). Like-for-like sales dipped 0.2%. Hornbach’s international business was its main revenue driver, with second-quarter sales up 7.3%at its ...
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News
Edeka plans store openings in 2012
Grocery operator Edeka says it plans to open about 200 new full-assortment stores in 2012, maintaining its expansion pace of the past two years. The company will invest about e1bn (£860m) next year in the expansion and modernisation of its store network. Most of Edeka’s full-assortment stores are operated by ...
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News
Celesio reports first-half sales decrease
Drug distributor and pharmacy operator Celesio reported first-half sales down 1% to E1.75bn (£1.5bn) in its retail division, which includes Lloydspharmacy in the UK and DocMorris on the continent. The division’s pre-tax earnings fell 25.6% to E102.1m (£88m). The company attributed the decline to government measures and a fall in ...
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News
Metro Group posts first half results
Metro Group has posted results for its first half, showing that sales rose by 0.1% to E31.3bn (£27.1m) compared with the previous year. In local currency, sales grew by 0.2%. Net profit for the period, before special items, reached E83m (£72m) compared with E127m (£110.2m) in 2010.Sales in the international ...
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News
DIY retailer Bauhaus launches drive-through concept
DIY retailer Bauhaus has launched a drive-through concept, which has been rolled out at its major stores.Customers can drive through a special area of the store designed to accommodate cars and small vans, and will be directed to the relevant products.Mobile scanners are used for checkout and staff members are ...
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GalleryIntersport Stähle, Bad Dürrheim
German sports retailer Intersport Stähle’s store in Bad Dürrheim is an example of how a large store can be transformed by a makeover and the thoroughly impersonal made personal.
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News
Drugstore operator Rossmann reports revenue growth
Drugstore operator Rossmann reported revenue for the first half of 2011 grew 12% to E2.4bn (£2.1bn). Rossmann currently has 2,450 stores, of which 1,600 are in Germany and 850 are in Poland, Hungary, the Czech Republic, Albania and Turkey.The retailer plans to generate full-year revenue in excess of E5bn (£4.3bn) ...
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News
Metro Group prepares for sale of hypermarket chain Real
Metro Group is said to be preparing for the sale of its hypermarket chain Real with hopes of achieving R2bn (£1.7bn) for the company’s stores.Though the official sale process has not begun, investors including KKR, Apax and Apollo, as well as a French investor group led by former chief executive ...
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News
Hornbach reports sales increase
Home improvement retailer Hornbach said consolidated sales for the first three months of the financial year to May 31 rose 11.1% to E918.1m (£795m). Net income for the period rocketed by 30.6%. Sales at the 92 DIY stores in Germany grew by 10.7% overall, and by 7.7% on a like-for-like ...
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News
Metro Group prepares for sale of hypermarket chain Real
Metro Group is said to be preparing for the sale of its hypermarket chain Real, which has been completely refurbished, with underperforming hypermarkets closed and costs reduced. Sale talks with financial investors are currently underway.Nothing concrete is in place yet, as Metro - which is looking to sell the chain ...
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GalleryThe world, C&A style
European value retailer C&A has created a new format for its stores that has been trialled at the Cologne flagship. John Ryan reports
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GalleryFashionation, Peek & Cloppenburg Berlin
Putting things politely, German department store Peek & Cloppenburg might be labelled somewhat conservative in its approach to store design and visual merchandising - this is probably not where you come for radical thinking.
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Opinion
N Brown overlooked
While the etail era has made online outfitter Asos a share price star, another retailer well placed to benefit from changing shopper habits has been overlooked.
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News
Lidl relying on exclusive manufacturer contracts and own production facilities for private-label
Schwarz Group’s discounter Lidl is increasingly relying on exclusive manufacturer contracts and own production facilities for its private-label products.Lidl is building two more plants for waters and soft drinks in Germany, in addition to its existing four Mitteldeutsche Erfrischungsgetränke GmbH & Co KG factories, bought by Lidl five years ago.
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News
Hornbach Holding net sales grow 5.7% to £2.6bn
DIY operator Hornbach Holding has revealed net sales growth of 5.7% to E3.02bn (£2.6bn) for the financial year ended February 28.DIY store division Hornbach-Baumarkt-AG achieved growth of 5.6% year on year. Builders material wholesale division Hornbach Baustoff Union increased its net sales by 8.4% to a still marginal E180m (£158m).
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News
Celesio underlines commitment to DocMorris store network
Pharmaceuticals distributor Celesio has underlined its commitment to developing the DocMorris store network, as well as front-end sales, in order to reduce its dependency on prescription drugs and the associated price regulations.Chief executive Fritz Oesterle said: “We target a balanced portfolio by 2015, when about half of our income will ...