Posts tagged as kaufhof

  • karstadt_düsseldorf

    Tuesday, August 19th 2014

    Karstadt first needs a proper plan, not just Kaufhof

    by Markus Huber

    Nicolas Berggruen probably feels better now. He cashed in a symbolic €1 to finally get rid of the 83 Karstadt department stores in Germany as well as the remaining shares he held in Karstadt Sports and the so-called premium department stores in Hamburg, Berlin and Munich. His plan to turn round the beleaguered retailer with little investment or strategic thinking turned […]

  • Tuesday, February 11th 2014

    Kaufhof improves comp-store sales in first quarter

    by Markus Huber

    Galeria Kaufhof, the big German department store chain, hit sales of €1.0 billion for the first quarter of the 2013-14 financial year. Sales were pretty much on a par with the same period last year, with a slight increase of 0.6 percent, but on a like-for-like basis where retail space is concerned, revenues were up […]

  • Tuesday, January 14th 2014

    Metro suffers from poor Christmas sales

    by Markus Huber

    Metro, the big German retailer and cash & carry trader, reports projected sales of €18.7 billion for the first quarter of 2013-14 ended on Dec. 31. The owner of Kaufhof, the big department store chain in Germany and Belgium, suffered from poor sales during the holiday season, the relatively strong euro currency and various divestments. […]

  • Wednesday, November 20th 2013

    German retail alliance to attack Amazon on Black Friday

    by Markus Huber

    With a rather aggressive marketing campaign, some 500 German internet shops are offering more than 1 million items with discounts of up to 90 percent on “Black Friday”, November 29. The list of participating web stores reads like a “who is who?” of the German retail landscape, including big shoe retailer Deichmann, department store chains Karstadt […]

  • Tuesday, November 19th 2013

    Kaufhof boss puts an end to all discussion of Karstadt merger

    by Markus Huber

    Lovro Mandac, chief executive of German department store chain Galeria Kaufhof, is apparently tired of rumors of a possible merger with competitor Karstadt. These rumors were recently fueled again by the partial takeover of Karstadt by Austrian entrepreneur René Benko and the simultaneous public statement of Olaf Koch, chief executive of Kaufhof’s parent Metro, who said that […]

  • Thursday, October 17th 2013

    Kaufhof remains flat in financial 2013

    by Markus Huber

    This morning, Metro Group presented its figures for the financial year 2013, which are subject to a change in the retailer’s reporting system. The year had only nine months and ended Sept. 30. In this short fiscal year, Metro reached total sales of €46.3 billion, down by 2.2 percent compared with the first nine months […]

  • Monday, September 30th 2013

    Karstadt takeover fuels rumors of possible merger with Kaufhof—again

    by Markus Huber

    In an interview with Wirtschaftswoche, the German business weekly, Olaf Koch, chief executive of Kaufhof’s parent Metro AG, has brought back to the table a suggested possible merger between Karstadt and Galeria Kaufhof, Germany’s leading department stores that both run their own specialty sporting goods chains. Koch hinted that Kaufhof might be up for sale […]

  • Thursday, August 1st 2013

    Kaufhof reports further losses and declining sales

    by Markus Huber

    Galeria Kaufhof, the big German chain of department stores and specialty sporting goods shops, has booked another moderate decline in sales for the first six months of this financial year. Turnover slipped by 1.3 percent to €1.4 billion. Like-for-like sales however increased by 0.8 percent compared with the same period last year. These figures are […]

  • Wednesday, March 20th 2013

    Kaufhof impresses with stronger than expected earnings

    by Markus Huber

    It rarely happens that Metro AG, the big German cash & carry and retail operator, is pleased with the performance of Galeria Kaufhof, its chain of department stores and sports shops. Olaf Koch, Metro’s chief executive, even said this time: “Kaufhof was super.” As reported earlier this year, when Metro put out its unaudited figures […]

  • Tuesday, October 30th 2012

    Kaufhof reports stable sales and improved earnings

    by Markus Huber

    Galeria Kaufhof reports sales of €2.1 billion for the first nine months ended Sept 30, up slightly by 0.1 percent from the year-earlier period. In the third quarter alone revenues for the German department store chain, which also runs 13 Sportarena stores and a fistful of specialty outdoor shops, improved significantly and rose by 1.8 […]