Tag: Pc
Why bankruptcies are in fashion right now
Sale at Galeria and Reno There are currently many bankruptcies in fashion companies. (Photo: Imago, dpa) Dusseldorf There are many well-known names on the list of fashion retailers who recently…
Why bankruptcies are in fashion right now
Sale at Galeria and Reno There are currently many bankruptcies in fashion companies. (Photo: Imago, dpa) Dusseldorf There are many well-known names on the list of fashion retailers who recently…
Rising interest rates put corporations in a tight spot
ECB Tower in Frankfurt The turnaround in interest rates introduced in mid-2022 is causing turmoil in Germany’s companies. (Photo: dpa) Dusseldorf The interest rates, which have been rising rapidly since…
Rising interest rates put corporations in a tight spot
ECB in Frankfurt The turnaround in interest rates introduced in mid-2022 is causing turmoil in Germany’s companies. (Photo: imago images/Jan Huebner) The interest rates, which have been rising rapidly since…
Cosmetics brand Clinique opens first virtual webshop in the Metaverse
Dusseldorf For Thomas Johann Lorenz, a stroll along the Berlin boulevards Kurfürstendamm and Tauentzienstraße is a description of the state of German trade. He walks past the insolvent Galeria, past…
The restart of Galeria is a false start
Galeria branch in Leipzig The department store is scheduled to close on June 30, 2023. (Photo: dpa) In one point, Galeria boss Miguel Müllenbach is probably right: the department store…
Why some Galeria locations can still hope
Karstadt branch at Munich train station The department store operator Galeria has announced that it will close 52 of the 129 locations. (Photo: dpa) Dusseldorf, Essen Galeria’s CEO, Miguel Müllenbach,…
The great selection in online trading begins
Dusseldorf, Berlin The Otto Group had tried everything to save the subsidiary Mytoys. As recently as February, Otto board member Sebastian Klauke said, referring to the wave of layoffs at…
Sales and earnings growth expected – dividend increases
Boss shop in London The brand is targeting younger customers and more casual wear. Stuttgart The Hugo Boss fashion group does not fear any major adverse effects from the insolvency…
Department store closures are becoming a problem for the municipalities
Karstadt Kaufhof Gallery Many branches of the department store giant are threatened with vacancy. (Photo: dpa) Cologne Whether 40, 60 or maybe even 80 of the almost 130 Galeria Karstadt…
Group closes Mytoys and lays off 800 employees
Headquarters of the Otto Group Despite high investments, the turnaround of the Mytoys subsidiary did not succeed. (Photo: imago/blickwinkel) Dusseldorf The Otto Group has decided to discontinue the business operations…
Zalando only ventures a cautious outlook – the share turns positive
Zalando is struggling with weak growth figures The days of double-digit sales growth for Europe’s largest fashion portal are over. (Photo: dpa) Berlin, Dusseldorf The years of rapid growth are…
Zalando dares only a cautious outlook – share in the red
Zalando is struggling with weak growth figures The days of double-digit sales growth for Europe’s largest fashion portal are over. (Photo: dpa) Berlin, Dusseldorf The years of rapid growth are…
Zalando dares only a cautious outlook – share in the red
Zalando is struggling with weak growth figures The days of double-digit sales growth for Europe’s largest fashion portal are over. (Photo: dpa) Berlin, Dusseldorf The years of rapid growth are…
Otto closes the Mytoys subsidiary and lays off 800 employees
Headquarters of the Otto Group Despite high investments, the turnaround of the Mytoys subsidiary did not succeed. (Photo: imago/blickwinkel) Dusseldorf The Otto Group has decided to discontinue the business operations…
Peek & Cloppenburg Düsseldorf seeks rescue in protective shield proceedings
>>iOS Thomas Freude, Managing Director at P&C since the beginning of the year, is also quoted as saying that although the multichannel strategy is being adhered to, the focus is…
Peek & Cloppenburg Düsseldorf seeks rescue in protective shield proceedings
Flagship branch of P&C in Düsseldorf The fashion retailer wants to reorganize itself in a protective shield procedure. (Photo: Getty Images) Dusseldorf The Düsseldorf fashion retailer Peek & Cloppenburg KG,…
The amazing second life of Bonita
Branch of Bonita The retailer was supposed to be repositioned for a younger target group, but that went awry. (Photo: Bonita) Dusseldorf Not even three years ago, the owners basically…
Landlords are losing faith in the future with Karstadt and Kaufhof
Karstadt branch on the Zeil in Frankfurt Owner Sahle Wohnen wants to demolish the property and is planning a new building without Galeria Karstadt Kaufhof. (Photo: dpa) Dusseldorf Jan Philipp…
Executives have to go
Galeria branch in Berlin The new executives, hired by Galeria about two years ago after the completion of the first insolvency proceedings, have left the company. (Photo: Reuters) Dusseldorf As…