All Germany articles
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German online footwear sales stabilize in the first quarter
Online clothing sales in Germany fell slightly in the first quarter of 2024, but footwear logged a small increase, a survey from the Federal association of e-commerce and mail order trade, BEVH, showed. While online sales of clothes dropped by 1.2 percent to €3.286 billion in the first quarter ...
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ArticleGerman fashion manufacturing back to pre-pandemic levels, but outlook remains cautious
German clothing manufacturers swung back to pre-Covid-19 levels as they posted a double-digit sales increase in 2023, up by 10.8 percent to €6.8 billion, according to official figures from the country’s statistics office Destatis. When considering companies with more than 50 employees, the number of workers in the industry ...
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Red tape, higher costs and shopper reluctance weigh on German fashion retailers
Increasing bureaucracy, soaring costs and consumers’ reluctance to buy are putting a strain on German fashion retailers, a survey from the country’s textile, shoes and leather goods trade association, BTE, showed. Bureaucracy is currently seen as the greatest concern as it is rated by the retailers participating in the ...
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Germany could lose 5,000 stores in 2024
The retail sector in Germany is set to lose 5,000 more stores across all consumer goods segments in 2024, extending a downward trend, according to a forecast by the German Retail Association (HDE). By the end of this year, store closures since 2020 are expected to reach 46,000, the ...
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German economic sentiment improves
In February, the index for economic sentiment in Germany rose to 19.9 from 15.2 in January, lifted by expectations that the European Central Bank (ECB) and the US Federal Reserve would start cutting interest rates to stimulate the economy, according to the latest survey released by think tank ZEW. Economists ...
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ArticleConsumer sentiment worsens in Germany
Consumer sentiment has taken a nose dive in Germany at the start of 2024, according to a survey published jointly by the research institute GfK and the Nuremberg Institute for Market Decisions (NIM). “The year 2024 starts off very disappointingly for consumer sentiment in Germany: both economic and income expectations ...
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Christmas shopping fails to boost online sales in Germany
Online Christmas sales again failed to bring a holiday cheer to German retailers, despite strong sales during the ‘Black Week’. Total online retail sales in the country in the run-up to Christmas, from the beginning of October to the end of November, were down by 7.7 percent, unadjusted for inflation, ...
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ArticleDestruction of new shoes is an absolute exception in Germany
The destruction of new apparel and footwear is the absolute exception and new items only make up a small fraction of the goods sent to the landfill, according to Germany’s textile, shoes and leather goods trade association, BTE. The remarks followed the European Union’s steps in early December of ...
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German consumers prefer to shop in the city center, HDE survey shows
Consumers in Germany prefer high street shopping, a report from the German trade association HDE showed, with over half of those surveyed putting the brick-and-mortar shopping experience above online shopping. Despite growing online sales, people between 16 and 29 years old in particular view high street shopping opportunities as ...
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ArticleGerman retailers expect a weak Christmas shopping season
Retailers across Germany have a bleak outlook for the Christmas shopping season, according to the German Retail Federation (HDE). More than half of retailers in the non-food sector in Europe’s biggest economy are expecting weaker sales during the key Christmas period this year, as geopolitical concerns are set to put ...
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ArticleGerman online footwear sales down 18.6% in Q3
Online sales continued to drop in Germany in the third quarter of 2023 after two weak quarters this year and a decline in 2022, with the footwear sector again plummeting amid heightened uncertainty, a survey from the Federal association of e-commerce and mail order trade, BEVH, showed. In particular, ...
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ArticleGerman industry association fears new wave of insolvencies due to Covid aid repayments
Germany’s textile, shoes and leather goods trade association BTE warned of a new wave of insolvencies and closures, as fashion and footwear retailers continue to struggle with the fallout from the coronavirus pandemic while possible repayments of pandemic state aid loom, adding to the already challenging conditions. According to ...
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German consumer confidence worsens
In November, consumer confidence in Germany is expected to drop to -28.1 from a revised -26.7 in October with high food prices weakening households’ purchasing power and preventing consumption from supporting the economy, according to the latest survey published jointly by the market research firm GfK and the Nuremberg Institute ...
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German consumer confidence continues to decline
German consumer sentiment is estimated to have fallen to -25.5 points in September from a revised -24.6 points in August, according to the research group GfK. The preliminary reading for August was -24.4. “The consumer sentiment is currently not showing a clear trend, neither downward nor upward – and that ...
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ArticleGerman economy expected to continue contracting after a quarter of stability
After stabilizing in the second quarter of 2023, German GDP is expected to contract again in the coming months. In the second quarter, GDP was flat compared with the previous three months on a price, seasonally and calendar adjusted basis, according to the statistics office Destatis. Year-on-year, German GDP ...
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German data indicate recession continued in Q2 - economist
The latest data regarding Germany’s economy, indicate that the European power house was in a recession during the second quarter of 2023, marking the third negative quarter in a row, according to Franziska Palmas, senior Europe economist at Capital Economics. According to Palmas, German GDP fell by 0.5 percent in ...
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ArticleShein is about to roll out its market place in Germany, Spain, France, Italy
Shein, the Singapore-based fast-fashion online retailer, announced that it is expanding its marketplace to Mexico, and that launches in Germany, Spain, France and Italy “will soon follow suit.” The marketplace was previously rolled out in Brazil and the U.S. Shein noted that the local marketplaces offer products from third parties ...
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German retail association cuts 2023 online sales forecast
HDE, the German retail association, has cut its online sales forecast as persistently high inflation has dampened consumer sentiment amid a continued reluctance to spend. For 2023, HDE has slashed its forecast to €89.4 billion, a nominal increase of 5.8 percent from the 2022 level. The previous forecast was ...
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Germany entered into recession in Q1
In the first quarter of 2023, German gross domestic product fell by 0.3 percent on the previous quarter on a price, seasonally and calendar adjusted basis according to the statistics office Destatis. The reading is 0.3 percentage points lower than in the preliminary estimate released on April 28. “After GDP ...
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ArticleOnline footwear sales in Germany continue to plummet in Q1
Online sales continued to drop in Germany in the first quarter of 2023 after a weak 2022, with the footwear sector again plummeting amid heightened uncertainty, a survey from the Federal association of e-commerce and mail order trade, BEVH, showed. E-commerce sales in Europe’s biggest economy dipped by 15.0 ...
