In the three years since the pandemic began, significantly more retailers have closed in Bavaria. According to the trade association, there were a total of around 6,500 shops in 2020, 2021 and 2022 – almost 800 a year would be normal. Of course, the pandemic is not to blame for all closures, said Managing Director Bernd Ohlmann of the German Press Agency. But she is the cause of the "dramatic increase". The number of retailers has fallen to below 58,000,...
Status: 01/02/2023 1:59 p.m Until now, a 30 percent tax on alcohol had to be paid in Dubai. A necessary license was also subject to a fee for consumers. According to retailers, the emirate has now removed these regulations. Dubai has apparently suspended the 30 percent tax on alcohol and abolished the license fee that was previously due. This was announced by two major retailers on social media. As reported by local media, the changes came into effect on Sunday...
Status: 02.01.2023 11:40 a.m Until now, a 30 percent tax on alcohol had to be paid in Dubai. A necessary license was also subject to a fee for consumers. According to retailers, the emirate has now removed these regulations. Dubai has apparently suspended the 30 percent tax on alcohol and abolished the license fee that was previously due. This was announced by two major retailers on social media. As reported by local media, the changes came into effect on Sunday...
Status: 12/02/2022 3:43 p.m Supplier Adidas reacts to the German team's World Cup departure with reduced prices on jerseys. Even before the soccer World Cup, retail and the hospitality industry were not very euphoric about the major event. Adidas reacted after the German national soccer team lost the World Cup preliminary round and massively reduced the prices for the jerseys worn in Qatar. The jerseys of the German national team were sold today in the Adidas online shop with a...
The Bavarian retailers are satisfied with the course of the first weekend in Advent. "It went really well," said the spokesman for the Bavarian Trade Association (HBE), Bernd Ohlmann, on Saturday. "Middling would be too weak, you have to be honest. But we're still a long way from gift fever and mass rush." The bottom line, however, was that the start was significantly better than last year, when the corona pandemic still required masks and customer restrictions.But things didn't go...
STORY: Strolling through full department stores for Christmas shopping was not possible or only possible to a limited extent in the last two years due to the corona pandemic. Without lockdowns or 2G rules, you could actually shop to your heart's content again this year. However, because of the high inflation, the majority of German retailers are still pessimistic about the Christmas business, as Stefan Genth, Managing Director of the HDE trade association, explains: "This uncertainty in Europe with this...
Status: 10.11.2022 2:04 p.m Retailers are having to cope with losses, some of which are significant, due to the corona crisis, high inflation and delivery bottlenecks. Many also expect weak Christmas business - just like the parcel industry. After sales had already plummeted from January to September, the majority of German retailers are also pessimistic about the Christmas business in view of their customers' loss of purchasing power due to high inflation. 70 percent expect things to be worse than...
Status: 09/20/2022 11:25 a.m The retail trade is worried about the replenishment of goods at the start of the Christmas business. More than three quarters of retailers complain about delivery problems. The situation for bicycles, household appliances and consumer electronics remains very tense. Christmas is the busiest time of the year for retail. The consequences of the ongoing delivery problems for a large number of goods, which are likely to lead to disappointment among customers when shopping for Christmas, are...
As of: 08/03/2022 06:11 p.m Classic retail has been suffering from online competition from large corporations for years. Young companies are trying to bring what the small local shops have to offer on the Internet. David Eisenbeis founded the "alocalo" platform with students and a professor from the Saar University of Applied Sciences. The young company wants to offer a regional alternative to Amazon, Zalando & Co. In doing so, he wants to save many retail jobs while leaving the...
Investors in Europe ran out of risk at the start of the US Federal Reserve's two-day meeting on Tuesday. In view of the expected further hike in interest rates by the Fed, the gas crisis and the gloomy outlook from the world's largest retailer Walmart, investors preferred to hold back. "It could be the reporting season of profit warnings and forecast cuts," said Jürgen Molnar of brokerage house Robomarkets. Of the dax ended trading almost a percent lower at 13,099...
