All Germany articles – Page 2
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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 ...
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ArticleReno’s Austrian subsidiary files for bankruptcy
After the shoe retailer Reno filed for bankruptcy in Germany at the end of March, the company’s Austrian subsidiary has followed suit. HR Group GesmbH, Reno’s Austrian branch, has applied for bankruptcy proceedings at the regional court in Wiener Neustadt. Based in Leobersdorf, the company operates 29 Reno stores ...
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News briefs
Consumer confidence improves in Germany and Italy, weakens in France
Consumer confidence has improved in Germany and Italy, but slipped slightly in France over the past months. In April, consumer confidence in Germany is expected to improve to -29.5 from -30.6 in March, marking the sixth improvement in a row even if momentum has weakened, according to advance data released ...
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ArticleGerman 2022 footwear exports up 19.4%
In 2022, German footwear exports in 2022 grew by 19.4 percent year-over-year in value to €9.6 billion, according to data released by the German footwear and leather goods trade association, HDS/L. Exports were skewed towards the second half of the year. They totalled €4.2 billion, or 175.2 million pairs of ...
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ArticleShopfitting costs in German fashion retail increase sharply
The cost of shopfitting in fashion retail in Germany further shot up to €653 per square meter of retail space in 2022, a survey showed, up from €537 in 2019 and €444 in 2017. According to the study Shop Monitor 2023 carried out by the EHI research institute, material ...
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ArticleOnline footwear sales plummeted in 2022 in Germany
Online sales plummeted in Germany in 2022 as the Ukraine war took its toll on consumer spending, with the footwear sector bearing the brunt of the downturn, a survey from the association of e-commerce and mail order trade, BEVH, showed. E-commerce sales in Europe’s biggest economy dipped last year ...
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News briefs
Consumer confidence improves in Germany, U.K.
Consumer confidence improved in Germany and the U.K. but slipped slightly in France. Confidence levels remain low in all three countries. Consumer confidence in Germany is expected to rise to -30.5 points in March, up 3.3 points from a revised -33.8 points in February, according a preliminary reading by the ...
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News briefs
German consumer confidence continues to improve
In February, German consumer confidence is expected to rise by 3.7 points from January to -33.9 points, according to a preliminary estimate by the research institute GfK. “With the fourth increase in a row, the positive trend in consumer sentiment is consolidating. Even though the level is still very low, ...
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News briefs
German clothing retailers plan to increase prices
German clothing retailers plan to increase prices in the near term, bucking the general trend for German companies, according to the think tank Ifo. The general Ifo price expectations index fell to 40.3 points in December from 46.2 points in November, indicating that fewer German companies are planning to raise ...
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News briefs
Germany requires Covid tests for travelers from China
Travelers coming into Germany from China will be required to present a Covid-19 test to enter the country, announced the German Health Minister Karl Lauterbach. Passengers from China must present “at least a rapid antigen test,” Lauterbach said in a note. At the same time, he added that there would ...
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News briefs
German consumer confidence improves
In January 2023, consumer confidence in Germany is expected to rise to -37.8 from -40.1 in December 2022 and -41.9 in November 2022, as measures taken by the federal government to mitigate skyrocketing energy costs are apparently having an effect, according to data released by market research group GfK. ...
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News briefs
German businesses enter holiday season with a ‘sense of hope’
The business climate index in Germany rose to 88.6 in December from 86.4 the previous month, according to data released by the think tank Ifo. The data was better than economists’ expectations for a reading of 87.4. The index on current conditions rose to 94.4 in December from 93.2 ...
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News briefs
High energy costs change Germans’ buying habits
The German Retail Association (HDE) reports that the high price increases for energy in Germany have significantly changed the shopping behavior of consumers. For example, the latest HDE “Consumer Monitor Prices” for 2022/23 shows that eight out of ten consumers are affected by rising energy costs, and a third are ...
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ArticleConsumer sentiment improves in Europe
Consumer sentiment improved slightly in Germany, France and Italy, the three main economies of the European Union, but consumers remain cautious in a difficult economic environment. In December, German consumer sentiment is expected to rise by 1.7 points to -40.2 points from -41.9 points in November, according to the market ...
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News briefs
German energy price cap effective from early 2023
German energy price caps announced by the Chancellor Olaf Scholz to mitigate the impact of inflation will go into effect in early 2023, according to a government timetable. The gas price effect is set to go into effect on Jan. 1 for large companies and on March 1 for households ...
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News briefs
Consumer confidence sinks in Italy but stabilizes in France and Germany
The latest surveys indicate that consumer confidence has dropped in Italy but is stabilizing in France and Germany. In the eurozone, consumer confidence has been affected by the war in Ukraine, higher inflation and an economic slowdown. In October, consumer confidence in Italy has decreased to 90.1 from 94.8 in ...
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ArticleConsumer and business sentiment sinks in Europe
Consumer confidence continues to decline significantly in Europe due to rising inflation, an erosion in purchasing power and concern about the future due to a worsening of the macroeconomic environment and rising geopolitical tension following Russia’s invasion of Ukraine on Feb. 24. In October, German consumer sentiment is expected to ...
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ArticleGerman shoemakers concerned about the future despite H1 rebound
Despite a strong rebound in domestic and foreign sales in the first half of 2022, German shoemakers are concerned about the business environment due to growing inflation and the erosion of the purchasing power of consumers. Among German footwear manufacturers with more than 50 employees, sales rose by 11.6 percent ...
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News briefs
More than half of German clothing retailers hit by supply issues
Overall German retailers are “very concerned” about the replenishing of their inventories and the situation could continue into the Christmas season, according to a survey carried out by the ifo Institute. In August, on average 77.5 percent of retailers complained about supply problems, up from 77.3 percent in July. Retailers ...
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News briefs
Economic sentiment worsens in Germany
In September, the economic sentiment index in Germany fell by 6.6 points to -61.9, as the economic outlook worsened significantly, according to the latest survey released by think tank ZEW. The assessment of the economic situation in Germany decreased sharply and currently stands at -60.5 points, 12.9 points lower than ...
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