Metro’s preliminary results show that the German retailer has achieved a 1.6 % growth in its 2016/2017 fiscal year. Even on a like-for-like basis, there was still a slight growth: Metro itself considers it to be a successful year.
Fashion web shop Zalando is to start selling beauty products in Germany and in order to better present those products, it will open a physical beauty store in Berlin. Last quarter, Zalando came close to a 30 % turnover growth.
Fashion group FNGhas become a household name in the Benelux, which is why it is also looking at other markets. CEO Dieter Penninckx sees opportunities for its Dutch brands in Germany, but Spain is more interesting for its Belgian brands.
Lidl’s first American stores’ performance was “frighteningly weak”, German and American media report. The board will take measures and The German company has strengthened its grip on its overseas operations.
Ceconomy, the newly-formed electronics company that split off from the Metro Group, grew 1.1 % in its first independent quarter. The owner of Media Markt and Saturn saw its web shops outperform physical stores.
Belgian fashion group Cassis Paprika continues its international expansion as it is heading to Germany. It struck a deal with Galeria Kaufhof, Otto and Amazon. Germany will become the group’s fourth foreign market.
Starting today, Aldi (Nord and Süd together) is selling online video games in Germany. The date has been deliberately chosen, because it coincides with the opening of Europe’s largest gaming convention in Cologne.
German Henkel has had a record second quarter, when turnover reached nearly 5.1 billion euro. For the first time ever, its six-month turnover surpassed the 10 billion euro milestone, thanks to its acquisition of laundry detergent company Sun.
German clothing brand Hugo Boss is finally starting to reap the benefits from its restructuring plan. Sales grew once more in the second quarter, thanks to China, the United State and its own boutiques.