Germany news 

25 February 2021
In an interview with Frankfurter Allgemeine Zeitung, Rewe’s chief executive, Lionel Souque, said the company’s turnover reached the €75 bn mark for the first time. Rewe’s turnover in 2019 was €62.7 bn. Souque said much of the increase in its turnover was due to the takeover of Lekkerland. Lekkerland boosts turnover in 2020… According to Souque, the acquisition of Lekkerland in 2019 boosted ...
12 February 2021
Edeka, according to reports from local trade press publication Lebensmittel Zeitung, is to complete the takeover of 44 Real stores. Edeka negotiating about acquiring more stores Edeka will be able to take over the 44 stores immediately but is negotiating about the potential acquisition of a further 28. However, in the interim period, Germany’s Federal Cartel Office, the Bundeskartellamt, ha...
11 February 2021
Germany-based wholesaler Metro reported sales were down 11.2% in local currency terms, to €6.3 bn. The company said, despite its performance being affected strongly by COVID-19 restrictions in many of its markets, it had outperformed its peers in its core markets of Germany, France, and Italy. Western Europe sees strongest effect from pandemic Metro said its operations had performed better ...
10 February 2021
After establishing a chief executive transition team in November 2020 to jointly assume the position of CEO as it searched for a new chief executive, Metro AG has now appointed a new person to the role, Steffen Greubel. Greubel signs three-year contract Greubel will take up the role as Metro AG chief executive on 1 May 2021, with Metro’s chief financial officer, Christian Baier, and COO...
05 February 2021
Germany-based beauty store operator, Douglas reported strong growth in online sales, of 40.6%, to €822m for the year ending 30 September 2020. Group sales however, dropped by 6.4% to €3.2 bn (2019: €3.5 bn) and operating profit declined by 16.7% to €292m. Record level of €1 bn in online sales during 2020 calendar year   Douglas reported a significant increase in online sales during the late...
05 February 2021
Last month, we outlined five global trends that will shape the convenience channel this year and beyond. While it is still early, we are already seeing new proof-points in support of our views. Acqusitions supporting physical expansion recovery Physical expansion in convenience retail is much more fluid compared to larger formats. While this has slowed since the pandemic, plans that were pl...
04 February 2021
The COVID-19 pandemic proved to be a challenge, but also an opportunity to accelerate development for discounters. In several markets with high penetration of online, such as the UK, the lack of ecommerce proved to be a weakness for the discount channel. However, the value proposition of the channel resonated well with increasingly savvier shoppers, ensuring footfall and sales remained strong. ...
04 February 2021
Rossmann reported group sales increased by 3.5% to €10.35 bn in 2020. The effects of COVID-19 pandemic Despite being affected by the pandemic, Rossmann in Germany performed relatively better compared to its other markets. In Germany, sales grew by 4.7% to €7.33bn (2019: €7.0 bn). The retailer said its sales would have been higher in 2020 but for the temporary reduction in VAT introduced in Ge...
29 January 2021
Germany’s competition authority, The Federal Cartel Office (Bundeskartellamt), has approved Kaufland’s acquisition of some Real stores in Q4 2020. By taking over these stores Kaufland is improving its purchasing position in the country. Acquisition of 92 Real hypermarkets approved Kaufland’s acquisition will see it acquire 92 of the 101 Real hypermarkets it applied for originally, although ...
21 January 2021
Amongst all modern retail channels, the impact of COVID-19 from a global perspective, has varied the most in convenience. The channel, however, continues to offer a massive opportunity for retailers and suppliers globally, benefiting from longer term consumption trends such as smaller households and more consumers shopping locally. With this in mind, we have identified five themes that we expect ...