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


Lower turnover and new CEO for Geox

19/01/2018

Italian shoe brand Geox’ turnover dropped slightly in the past fiscal year. It also replaced former CEO Gregorio Borgo with Matteo Mascazzini, who came from Italian fashion brand Gucci.

Slower growth for Primark

18/01/2018

Irish fashion chain Primark has seen its first quarter turnover grow 7 % at level exchange rates and 9 % taking the fluctuations into account. Analysts however had expected faster growth.

Zalando's profit is slightly below expectations

17/01/2018

German fashion web shop Zalando has grown nearly a quarter in the past fiscal year and its company profit also nearly grew 5 %, although the latter was slightly below its own expectations.

Record turnover for Yoox Net-a-Porter in 2017

16/01/2018

Online retailer Yoox Net-a-Porter (YNAP) achieved a record turnover in 2017, surpassing two billion euro. That is a growth of more than 10 % compared to the year before, when it just missed that milestone.

Hugo Boss reaches growth targets for 2017

16/01/2018

German fashion brand Hugo Boss has managed to reach its targets for 2017, partially thanks to strong fourth quarter growth. For its full fiscal year, turnover grew 3 % (excluding exchange rate fluctuations).

C&A owners consider sale to Chinese investors

15/01/2018

The Dutch Brenninkmeijer family is considering to sell clothing chain C&A, according to German magazine Der Spiegel. One option is to sell to Chinese buyers.

Back to top