Zalando launched its beauty product range in Germany today, which it announced in October. Markets outside of Germany will follow later.
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German DIY chain Hornbach’s turnover surpassed 4 billion euro in the past fiscal year. The overall turnover growth was 5.1%: the Dutch market achieved double-digit growth, but the German home market stagnated.
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HelloFresh’ turnover last year grew 52 %, bringing it closer to profitability. The German meal box delivery service believes it will become profitable before the end of the year.
Suitcase brand Rimowa, part of luxury group LVMH since 2016, has stopped all of its dealer contracts. It wants to initiate a new procedure soon and only a fraction of the current dealers will get a new contract.
Picnic's co-founder Michiel Muller has confirmed earlier rumours that his Dutch online supermarket was trialing in Germany. He added that the trials were done under the brand name Sprinter.
German sports brand Adidas achieved a 16 % turnover increase in 2017, if exchange rates had remained stable. Profit nearly grew a third and the company forecast a 10 % growth for 2018.
German online company Otto Group saw its turnover grow 10.9 % to 7.76 billion euro in the past fiscal year. The former mail order company will continue to invest in start-ups and technology.
German fashion retailer Zalando has raised its turnover by nearly 25 % in the past fiscal year, but it did suffer a profit drop. That was largely due to its home markets, because in the rest of Europe Zalando achieved its first profit.
Online fashion store Zalando has acquired a minority stake in the German start-up Magazino, which is currently developing robotic solutions for e-commerce distribution centers.
Ceconomy will create uniformity between Media Markt and Saturn’s online and offline pricing. This will be possible thanks to the digital price tags it now uses in the stores, because there can be altered in real-time.
The world’s first startup supermarket, KaDeTe, will open its doors in Berlin next month. The physical marketplace will give young brands and companies an opportunity to engage consumers and buyers.
German Henkel experienced a strong 2017, with record numbers for both its profit and turnover. The company managed to surpass the 20 billion euro turnover milestone for the first time.
Zalando has further expanded its collaboration with physical retailers in Germany. Shoe stores were already able to ship through Zalando and now clothes stores can too.
Aldi Nord and Aldi Süd confirm they will look into the possibilities of working together closely in regards to its German purchase and marketing division. Both companies however deny a future merger.
German discounter Aldi is considering to reunite its independent Nord and Süd divisions. The generally well-informed German Manager Mazin said it read as such in a report.
German Metro managed to stabilize its first quarter profit compared to last year, despite a setback in Russia. It mainly cut costs in its Real restructuring plan.