The British retailer Marks and Spencer (M&S) is to launch a fresh assault on the German market, following the 2001 closure of its continental stores due to poor sales figures.
German discount clothing retailer Kik has agreed to pay more than $1.2 million compensation for victims of a Pakistan factory fire, a union leader said Wednesday, after an initial offer worked out to less than €1,500 per life lost.
German discount clothing firm Kik, which was the main contractor at a Pakistani factory where more than 259 people died in a fire last month, has set up a fund for the victims – offering less than €1,500 per dead worker.
Next week the well-known discount chain Aldi will start selling more brand name products by introducing Coca-Cola drinks to its shelves – to be followed by skin care products from Nivea.
Around 2,400 people working at bankrupt mail order business Neckermann were preparing to lose their jobs Wednesday, after insolvency administrators said they were going to liquidate the company.
Prosecutors investigating drugstore founder Anton Schlecker suspect him of having paid his wife €60,000 a month for years leading up to the Schlecker bankcrupcy, <i>Der Spiegel</i> magazine wrote on Sunday.
Germany's original mail-order clothing firm Neckermann filed for bankruptcy on Wednesday after its investor refused to finance its restructuring, putting 2,400 jobs at risk. It adds to the dismal retail industry news in the country.
The collapse of drug store chain Schlecker became the focus of a criminal investigation on Wednesday after police raided more than 20 homes and offices, including the villa of company founder Anton Schlecker.
Several thousand jobs are set to be lost across Germany, it emerged on Tuesday when department store chain Karstadt said it was cutting 2,000 positions, and energy giant RWE said it was targeting thousands more.
Holiday makers are celebrating the end of astronomical roaming charges after new rules were announced to cut the cost of using a mobile phone to call loved ones or check emails while abroad within the EU.
Thousands of Schlecker shops, once Germany's largest drug store chain, closed its doors for the last time on Wednesday afternoon, pushing thousands of people out of work.
A supermarket on the German-Danish border was stormed by a horde of naked shoppers on Saturday after offering free groceries to the first hundred punters willing to get their kit off.
The insolvent German drugstore chain Schlecker is to be broken up with the loss of 13,200 jobs after a panel of creditors decided there was no way forward for the beleaguered business, administrators announced on Friday.
German-based online retailer Zalando is dealing with a huge number of returned goods, with four out of five shoe sales being sent back – and 65 percent of women’s jeans rejected – putting stress on the company’s bottom line.
German discount supermarket Aldi Süd sparked concern among dairy farmers on Wednesday by announcing it was slashing the retail prices of dairy products by up to ten percent.
Some 2,200 stores run by bankrupt drugstore chain Schlecker are shutting their doors for good on Saturday – leaving about 11,000 workers in limbo. Nearly all of the employees are women.
The bankrupt drugstore chain Schlecker will not receive money from the German development bank <i>Kreditanstalt für Wiederaufbau (KfW)</i>, the <i>Welt</i> newspaper reported on Sunday.
A shop selling clothes favoured by neo-Nazis has changed its name from “Brevik” after massive protests in Chemnitz, eastern Germany, forced a u-turn just a week after it opened.
A severed fingertip found at the scene of a break-in could point to a not-so nimble-fingered would-be thief, after German police sent it for DNA testing.
Clothing brand Thor Steinar, notoriously worn by neo-Nazis, has opened a shop in eastern Germany called Brevik - a name just one letter removed from that of the far-right terrorist who killed 77 people in Norway last year.
