Germany news 

03 November 2022
OXXO, a Mexican convenience store chain (owned by FEMSA), recently announced it will open two new stores every three days until the end of the year. As of September 30, 2022, OXXO operated 20,899 stores across Latin America, and in November last year, it announced its 10-year plan to open 10,000 stores. Following a successful acquisition of Valora Group (more below), we will soon start to see ...
03 November 2022
Rewe continues to work towards its sustainability goals. We look at recent initiatives in Germany to achieve its targets. Direct flyer distribution via WhatsApp To achieve its target of removing the use of paper-based flyers in 2023, Rewe has introduced digital flyers sent via WhatsApp. Shoppers sign up to their local store and every Sunday the brochure will arrive, displaying latest offers...
21 October 2022
The German wholesaler has reported an 11.8% increase in sales in Q4, and sees sales growth of 20.4% to €29.8 bn for the 2021/22 financial year. Positive contribution from all segments YoY sales growth was reported across all markets: Germany – sales grew by 6.1% to €4.7 bn Western Europe – sales grew by 28.3% to €12 bn Russia – sales grew by 7.9% in local currency to €2.9 bn ...
11 August 2022
Metro Group’s sales rose by 27.2% in local currency, reaching €7.9 bn in Q3 2021/22. The result has been attributed to growing inflation and its strong performance in the HoReCa industry. Sales growth across all channels Metro reported positive developments in all channels in Q3 2021/22, driven primarily by HoReCa: store-based sales grew to €6.1 billion (+18.7%) delivery sales incr...
08 August 2022
Lidl is well on the way to achieving its REset Plastic goals and is rolling out Rescue Bags across Germany to reduce food waste. Excellent progress towards 2025 plastic usage targets The Schwarz group set ambitious targets for 2025 as part of its REset Plastic goals. Already though, great progress has been made by Lidl in the last financial year: 18% less plastic used across its netwo...
08 July 2022
This Tuesday (5 July), FEMSA, a Mexican Coca-Cola bottler and convenience store operator, announced its all-cash offer to acquire Swiss convenience and foodservice retailer Valora. The deal is subject to regulatory approval, but if approved, FEMSA has agreed to purchase all the publicly held shares of Valora Holding AG for 260 Swiss francs per share, totaling CHF1.1 bn (€1.1 billion). It expect...
23 June 2022
The newly published annual report for 2021 saw a 2.9% increase in sales on the previous year, with an annual turnover of €62.7bn. Edeka remains the market leader in Germany with an impressive 29.8% market share.. CEO promises large investments for 2022 Markus Mosa, Edeka’s Chairman of the board and CEO talked about the possibility of acquiring a further 80 new locations for its discount ret...
20 May 2022
Lidl and Kaufland’s parent company, Schwarz group has announced its FY21 results. Key numbers for the year ending February 2022 Group sales + 6.6% to €133.6bn Kaufland sales +7.4% to €27.3bn Lidl sales +4.7% to €100.8bn Total online sales for both banners reached €1.7bn The group invested €8bn last year in opening new stores, modernizing existing ones and financia...
17 March 2022
German drugstore chain, Rossmann reported a successful financial year in 2021 as its group sales increase 8.1% to €11.1 bn. Germany continues to lead growth Germany remained the leading growth driver for the group as sales increased by 8.2% to €7.9 bn (2020: €7.3 bn). Its international operations also experienced growth with sales up by 7.8% to €3.2 bn (2020: €3.1 bn). It ended the fi...
11 February 2022
Metro Group’s sales rose 19.4% in local currency terms and by 20.0% in total, reaching €7.6 bn. The company reported its revenue in the Q1 2021/22 period exceeded its pre-pandemic levels ‘ despite ongoing restrictions ’. Metro, though, noted the challenges it faced during Q1 2020/21, when total sales contracted by 16% due to Covid restrictions in many of its key markets. Growth was driven by a...