Germany
This coverage explores UK retailers’ strategies and activities in the German market, focusing on store openings, partnerships, consumer trends, and market entry or expansion plans. Reporting highlights how businesses adapt to Germany’s retail landscape and regulatory environment — providing insight for executives, managers, and professionals overseeing international growth and operations.
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Nov- 2019 -19 NovemberOnline & Digital
AO World closes Netherlands arm amid losses of £6.2m
AO World has reported an underlying loss of £6.2m compared to £5.4m last year, resulting in the business to pull out of The Netherlands, less than four years after its launch. The online electricals retailer’s half year report for the period ending 30 September stated a statutory pre-tax loss of…
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12 NovemberHigh Street
B&M profits plunge by 70% due to ‘disappointing’ German partner
Discount retailer, B&M has reported a 70% drop in profits from £59.5m to £32.3m during the first half of the year attributed to increased costs at its German Jawoll fascia. For the 26-week period ending 29 September, the retailer’s group adjusted profit before-tax decreased by 2.8% to £96m in comparison…
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Oct- 2019 -25 OctoberPeople Moves
Gant CEO to return to Adidas as executive board member
Sports fashion retailer Adidas has appointed Brian Grevy as an executive board member, responsible for global brands. Grevy returns to adidas from global clothing brand Gant, where he has held the position of CEO since June 2018 and was chief marketing officer from 2016 to 2018. At Adidas, Grevy led…
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Sep- 2019 -16 SeptemberHigh Street
Schuh to seek rental reductions
Footwear retailer Schuh has become the latest retailer to ask landlords for rent reductions across its retail estate, after it reportedly hired a consultant to explore money saving options. According to reports from The Times, the brand has brought in retail property consultants from Capa, to carry out a full…
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Aug- 2019 -13 AugustHigh Street
Dr Martens profits soar in full-year results
Profits and sales at footwear retailer Dr Martens continued to rise last year, EBITDA for the period soared by 70% to £85m for the year ending 31 March. Group revenue increased by 30% to £454.4m, as the company focused on direct to consumer (DTC) channels, which now accounts for 44%…
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12 AugustHigh Street
KPMG brought in by Schuh
Footwear retailer Schuh has called in accounting firm KPMG to assess its options after a “tough trading” period. According to reports from the Sunday Times, the retailer has asked landlords for a reduction in rentals, but is not looking to launch a company voluntary arrangement (CVA). In the year to…
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5 AugustComment
Spotlight: Retailers defying the high street doom and gloom
Joules British clothing retailer Joules has continued to defy the high street gloom over the past two years, and so far has not buckled under the pressures of ‘brexit uncertainty’ and the shift in consumer tastes and trends. Originally established as Joule & Sons in 1977 by Ian Joule, the…
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Jul- 2019 -31 JulyHigh Street
Games Workshop revenues exceed £250m in full year results
Fantasy miniatures retailer Games Workshop has reported a 16% increase in revenues to £256.5m for the year ending 2 June 2019. Games Workshop revealed operating profit also increased by £6.8m to £81.1m, and retail sales grew by 7% in the year (7% at constant currency), aided by additional growth from…
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24 JulyHigh Street
B&M revenues surge during first quarter
Discount retailer B&M has posted a revenue growth of 13.8 in Q1. Revenue relating to the period from 31 March 2019 to 29 June 2019 was £738.9m, compared with £649.2m for the same period last year. Group revenue, which includes brands Heron Foods, Jawoll and Babou increased by 21.4% to…
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May- 2019 -23 MaySupermarkets
B&M plans 50 more stores amid profits and sales boost
Discount goods retailer B&M has revealed it is planning on opening another 50 stores this year amid posting an uptick in both sales and profits. For the full-year period ending 30 March B&m said profit before tax increased by 9% to £249.9m and revenues surged 17% to £3.5bn.B&M’s UK stores…
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