All Germany articles – Page 3
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News briefsGerman footwear manufacturers plan to increase prices
German companies intend to increase their prices ”on a large scale”, including footwear manufacturers, according to the latest survey from the economic research institute Ifo. A particularly large number of clothing manufacturers plan to raise their prices, with the indicator rising to 89.2 points, up from 84.6 points in July. ...
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News briefs
German economic sentiment collapses
The ZEW Indicator of Economic Sentiment for Germany slumped by 25.8 points month-on-month to minus 53.8 points in July. The assessment of the economic situation in Germany also decreased sharply and currently stands at minus 45.8 points, 18.2 points lower than in the previous month, according to the ZEW ...
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News briefs
German consumer confidence falls to record low - GfK
After the U.K., German consumer confidence is estimated to have dropped to record low due to the war in Ukraine and rising inflation. Consumer confidence in Germany in July is expected to decline to a record low of -27.4 from -26.2 points in June, revised from a preliminary estimate of ...
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News briefs
Germany faces ‘very difficult’ choices due to gas shortage
Germany faces gas shortages and will have to make “very difficult” choices for households and companies if Russian supplies continue to decline, warned the Economy Minister Robert Habeck. “We will have to close certain industrial activities…For some sectors it will be catastrophic. We aren’ talking about two days or two ...
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News briefs
German firms have difficulties in replacing Russian, Ukrainian imports
German companies are finding it difficult to replace imports from Russia, Ukraine or Belarus, according to a survey by the research institute ifo. Only 13.8 percent of industrial companies with problems sourcing from these countries would be able to completely replace their sources of supply in the short term. For ...
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News briefs
German consumer confidence at record low
German consumer confidence in May is expected to fall to -26.5 points from -15.7 in April, revised down from a preliminary -15.5 points, according to the market research group GfK. Both economic and income expectations along with the propensity to buy have noticeably declined. “As a result, consumer sentiment plunged ...
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ArticleWar in Ukraine threatens German eco-friendly manufacturing
The war in Ukraine will have a significant impact on environmentally-friendly footwear manufacturing as it disrupts supply chains and forces factories across the country to shut down, according to the German shoe industry’s sustainability initiative, Cads. Before the conflict, Ukraine was an important supplier of material for eco-friendly shoe ...
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News briefs
German manufacturing material shortage worsens in March
The shortage of intermediate materials in German manufacturing has become more severe, according to the German research institute ifo. In March, 80.2 percent of companies complained about bottlenecks and problems procuring intermediate products and raw materials. In February, the figure was 74.6 percent. “The attack on Ukraine has made the ...
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News briefs
Job portal for Ukrainian refugees
Thousands of refugees from the war zone in Ukraine are currently forced to settle in new places and are looking for a way to earn a living. To help with this, www.jobaidukraine.com, an initiative for Ukrainian refugees, was launched by the German initiative Händler helfen Händlern (retailers support retailers) as ...
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ArticleThe war in Ukraine hits the German shoe industry after a strong 2021
HDS/L, the federal association of the German footwear and leather goods industry, brushed a cautious picture of the situation in the sector, with new global challenges looming just as the coronavirus pandemic loosened its grip on Europe. In 2021, sales in the German shoe industry increased by a double-digit ...
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News briefs
German retail supply problems worsen in February
Supply problems in German retail have worsened again in February but the clothing industry faired better than other sectors, according to a survey by the research institute ifo. In February, 76.3 percent of overall retailers said that they did not receive all the goods they ordered. In January, the figure ...
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News briefs
Material shortages ease for German manufacturers
The shortage of materials in German manufacturing eased in January, with 67.3 percent of companies reporting bottlenecks and problems procuring intermediate products and raw materials, according the Ifo research institute. In December, the figure was 81.9 percent. “Despite this development, companies still have much to worry about,” said Klaus Wohlrabe, ...
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News briefs
Bisgaard to launch a women’s collection in Germany
Bisgaard is launching a women’s collection in Germany, collaborating with Düsseldorf-based agency Muth. The Danish brand already sells children’s shoes in about 700 doors in Germany. Under the partnership deal, Muth will manage the distribution of Bisgaard’s women’s collection in the new market starting from the next autumn/winter season. The ...
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News briefs
Germany does not rule out a new lockdown
The German government cannot rule out any measure, including a lockdown, to stem the diffusion of the Covid-19 pandemic as the number of cases increase nationwide, the health minister, Jens Spahn, told the radio broadcaster Dlf. “In some states the situation is really dramatic,” he said. “We cannot rule out ...
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News briefs
Austria reintroduces a general lockdown from Nov. 22
The Austrian government announced a general lockdown starting Nov. 22 and lasting for three weeks, amid a resurgence of Covid-19 cases in the country and increasing pressure on intensive care units. It is the first European Union country to reimpose a lockdown. “Despite months of persuasion, we haven’t succeeded in ...
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News briefs
Amazon to open 8 extra warehouses in Germany
By mid 2022, Amazon plans to open additional eight warehouses in Germany that will lead to the creation of 3,000 jobs. The sites will be located in Dummerstorf, Erding, Friedrichsdorf, Helmstedt, Hof/Gattendorf, Neu-Ulm, Weiterstadt and Wenden. This year, the company expects to complete the distribution centers of Friedrichsdorf, Neu-Ulm and ...
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News briefs
German shoe makers H1 sales up by 12.5%
German shoe manufacturers with 50 or more employees enjoyed a 12.5 percent increase in revenues in the first half to €1.44 billion from €1.28 billion a year earlier but have not yet returned to pre-Covid-19 levels. Domestic revenues rose by 12.7 percent to €1.2 billion and foreign sales increased ...
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News briefs
Skechers opens a flagship in Berlin
Skechers USA is building up its own network of mono-brand stores in Europe strongly. After setting up a flagship store in Munich last year, it is opening another flagship of 1,000 square meters in a very central area of Berlin. Located on the Tauentzienstrasse in front of the Kaiser-Wilhlem-Gedächtnis ...
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Article
Supply Chain Act adopted by German parliament
The German parliament passed the Supply Chain Act. The law, which aims to force companies to take responsibility for human rights abuses such as forced and child labor, forced evictions, oil pollution and land theft within their supply chains, will come into effect on Jan. 1, 2023. As a first ...
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News briefs
GfK sees slow possible recovery of consumption in Germany
In its monthly study in Germany this May, GfK market researchers found consumer sentiment that has been “rather bright than muted,” because of falling illness rates and success in Covid-19 vaccinations. With more employees coming out of short-time or remote work and incremental re-openings of stores and restaurants, ...
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