In Germany, a reduction in VAT leads to an unseen price war, with rivals Aldi and Lidl using comparative advertising to claim price leadership.
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Even Zalando is suffering from the corona crisis: although the fashion webshop still expects a double-digit growth, its expectations are now much lower than at the beginning of the year.
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Mere, a hard-discounter from Russia, opens its third store in Germany and wants to expand further into Europe. The economic crisis caused by the coronavirus is an opportunity for the low-budget retailer.
Adidas has seen its profits evaporate in its first quarter, plummeting by 97 %. Turnover fell by 19 %, but a drop twice as big is expected for the second quarter.
Outdoor chain McTrek, owned by the AS Adventure Group, has filed for judicial reorganisation in Germany. A curator is investigating to what extent the retailer can be saved through restructuring.
Galeria Karstadt Kaufhof has applied for creditor protection. The department store group has set in motion the German insolvency procedure, as Esprit did earlier.
Esprit has requested, and obtained, protection against creditors for its German branch. The fashion retailer is particularly concerned about liquidity problems, as sales have plummeted as a result of the corona crisis.
German department store chain Galeria Karstadt Kaufhof is on the brink of collapse and is asking the German authorities for state aid in the form of emergency loans. So far, however, it has not had that much success.
German supermarket chains such as Edeka and Rewe have achieved stronger growth figures in 2019 than hard discounters Aldi and Lidl. Which lessons are there to learn from this remarkable feat?
As of 1 February, C&A will have a new Managing Director Germany as Eric Andrew Brenninkmeijer takes the baton from Jean-Marie Malbranke. This puts in motion a series of musical chairs, with its influence on the Benelux.
Fashion chain C&A is closing thirteen stores in Germany. Last week, the company also announced the closure of some thirty French stores.
Zalando has sold streetwear and sportswear retailer Kickz: the German online fashion store feels it no longer needs Kickz, because its own product range has expanded so much in recent years the two overlap significantly.
The Court of Justice of the European Union has ruled that 'balsamic' is not a protected concept and therefore not exclusively Italian. The verdict is a blow to the professional association of vinegar makers from the Modena region.
After just four years, the British white goods retailer AO is to discontinue its Dutch online shop. On the European mainland, the company wants to focus exclusively on Germany - and even that now seems uncertain.
In the third quarter, Henkel has performed in line with expectations. The German group sent out a profit warning earlier this year, but is now staying in line with its forecasts.
German discounters Aldi and Lidl are join the growing number of retailers who use the Nutri-Score label to clearly display how healthy their products are. The label indicates the health value of the discounters' own brand products.