Lidl's parent company grows strongly | RetailDetail

Lidl's parent company grows strongly

Lidl's parent company grows strongly

Schwarz Gruppe, Lidl's parent company, has had a good fiscal year, with a 10 % increase in turnover. The increase helps it draw closer to the largest European retailers, Carrefour and Tesco. The company will however not reveal any profit figures.

Better than German competition

According to the German media, Schwarz's turnover grew 10 % to 74 billion euro, of which 54 billion euro came through discounter Lidl. The company aims to increase turnover once more next year, to 78 billion euro.

 

Thanks to nearly 10,000 Lidl stores and another 1,150 Kaufland hypermarkets, the company inches ever closer to the largest European retailer, while moving away from its German competitor Metro Group. The latter had a 65 billion euro turnover in its fiscal year 2013.

Questions or comments? Please feel free to contact the editors


Suitsupply suffers losses because of expansion

15/05/2018

Dutch Suitsupply has experienced a decent turnover growth last year, but its net result tumbled below zero because of its huge investments. Nevertheless, that is the only way forward according to its founder, whose focus is still fixed on the United States.

Starting this Friday, Belgium has its own national e-commerce event

15/05/2018

Move over, Black Friday! This week, Belgium launches its own national e-commerce event as Jack & Jones, Kiabi, La Redoute, Sarenza, Tape à l'Oeil and Veritas organise the first Belgian Friday.

H&M is turning to algorithms to boost sales again

14/05/2018

In an effort to reverse the decline in its worldwide sales, H&M is using technology that will help the world’s largest clothing brand stock its stores more efficiently, sell more effectively and adapt more quickly to current consumer trends.

Zalando's profit wiped away in first quarter

08/05/2018

German online retailer Zalando saw its first quarter profit completely wiped away: last year's 5.1 million euro net profit turned into a 15 million euro loss. Turnover grew 22 %, investments being the cause for both.

Strong online growth for Hugo Boss

03/05/2018

German fashion brand Hugo Boss managed growth in every region in the first quarter. Group turnover grew 5 % to 650 million euro, partially thanks to strong web shop sales.

France will impose recycling for unsold clothing in 2019

02/05/2018

The French government plans to impose a ban on the disposal or destruction of unsold clothing by fashion companies. The measure extends the rules already in place for food waste to the spillage of clothing.