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.
Belgian real estate firm Mitiska Reim bought a retail park in the German city of Mönchengladbach. It was a collaboration with Luxembourg Investment Group and the group’s first German acquisition.
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.
Metro has reported a decent third quarter turnover growth, both on a like-for-like and reported basis, for the company’s first independent results since its split from Metro Group.
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.
Belgian fashion chain JBC has major expansion plans for Germany, thanks to a deal with department store chain Galeria Kaufhof. JBC’s collection will be sold in Kaufhof’s 99 locations.
A Hamburg-based store belonging to the German supermarket chain Edeka has removed every product not made in Germany. It wants to make a statement against racism.
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.
Belgian outdoor chain AS Adventure has acquired its German competitor McTrek. The acquisition opens up the largest European outdoor market for the Belgians, thanks to McTrek’s 39 stores and web shop.
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 Zalando has achieved its 20 % growth target for the second quarter, but just barely. It still forecasts a 20 to 25 % growth for its full fiscal year.
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.
Clothing chain Peek & Cloppenburg (P&C) and clothing manufacturer Wellensteyn International have both received an enormous fine in Germany. Reason? Price arrangements in the 2008 – 2013 time frame.
A court in the German city of Düsseldorf has registered the two separate companies that thus far made up the Metro Group. As of now, both companies feature on the stock exchange separately.
An increasing number of clothing stores have found a new way to lure in customers: they offer drinks or even entire meals. One Mannheim-based fashion store even houses a two-star restaurant.
Swedish-German fashion brand Marc O’Polo will celebrate its fiftieth anniversary with a collection, co-designed by British singer Robbie Williams. The collection will be revealed in Munich this week.
