Adler news and archive

Adler aims to triple ecommerce revenue by 2023

After witnessing improvements in profitability following the launch of “Strategy 2020”, Adler Modemärkte AG has announced an update about expansion of its online business. The company said in a statement that the goal is to more than triple ecommerce revenue by 2023. “So far, Adler has hardly been able to benefit from the growing online market....

Business

Adler posts rise in H1 EBITDA, confirms full year outlook

For the six months of fiscal year 2019, Adler said in a statement that EBITDA rose to 25.1 million euros (28 million dollars) compared to 24.1 million euros in the previous year. The company added that despite continued weakness of the textile retail trade and the planned reduction in the number of fashion stores, sales were 236 million euros...