Germany news and archive

Inflation in Germany above the two percent mark, again

Rising prices for services and food have pushed the inflation rate in Germany above the two percent mark for the first time since July. In November, consumer prices were 2.2 percent higher than in the same month last year, the Federal Statistical Office confirmed on Tuesday. Preliminary data had already been available at the end of November....

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“Status of German Fashion 2024”: Between tradition and digitalisation

The Fashion Council Germany (FCG) and eBay Germany recently published the study “Status of German Fashion 2024”, which, in conjunction with the research institute Oxford Economics, examined the economic significance of the German fashion industry (clothing, footwear, accessories, bags and jewellery). The study also looked at the key challenges...

BusinessMember

Germany: Strongest decline in retail sales in two years

The reluctance of many consumers to buy is slowing down retail before the start of the important Christmas business. In October, sales fell compared to September, both in nominal terms (-1.1 percent) and in price-adjusted terms (-1.5 percent). Adjusted for prices, the decline was the sharpest since autumn 2022. This means that the recovery from...

FashionFeatured

New German fashion: Is the next generation providing a boost?

Long gone are the days when big names like Karl Lagerfeld and Jil Sander represented 'German design' at international fashion weeks. Things seemed a little quiet around 'the Germans' for some time now, but a new generation is finally seeking the international spotlight. Fashion labels such as GmbH and Ottolinger have already conquered the big...

FairsFeatured

Moderate attendance at Düsseldorf trade fairs

The light drizzle in Düsseldorf on Saturday was a reminder of the difficulties that the weather has been causing retailers; it was not at its best during the order weekend either. But what is keeping clothing brands and retailers busy apart from the lack of summer? Local and international brands answered this question at the fashion fairs Fashn...

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Fairs from Amsterdam to Copenhagen are vying for the German fashion industry

The end of the big fashion fairs in Berlin left a void in the fashion calendar. The capital used to be the place for the German-speaking industry to gather, preview collections and discover new brands. Now, fairs from Florence to Amsterdam are targeting brands and buyers from Europe’s biggest fashion market. The stand of fashion label Lara Lauré...

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Crocs brand Heydude expands in Germany

The shoe brand Heydude is now taking off in Germany. After announcing its expansion into the UK in March, the brand, which belongs to US shoe retailer Crocs Inc., is now also launching its own online shop for the German market, Heydude announced on Thursday. The brand, which was founded in Italy, is also available in more than 1,450 shops in...

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40 Esprit stores to shutter in Germany

Around 40 Esprit shops are to close in Germany, a move that comes just days after the bankruptcy of fashion brand's Swiss arm was announced. At stake are some 40 Esprit stores overseen by franchise operator PTH Group. Esprit has reportedly terminated its contract with the German company, local news outlet Rheinische Post reported citing sources...

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EU supply chain law threatens to fail because of Germany

The newly planned EU supply chain law is in danger of failing because of Germany. The Federal Ministry of Justice and the Federal Ministry of Finance could not support the plans, according to government circles on Thursday. "In the Council of the European Union, this will result in Germany abstaining, which will have the effect of a 'no' vote,"...

RetailMember

Paul Smith closes all stores in Germany

British clothing supplier Paul Smith Limited is closing its stores in Germany. The brand entered the German market almost 10 years ago with its first location in Hamburg, which will now close at the end of January, along with the remaining shops in Berlin and Munich. Paul Smith confirmed the closure of the three shops at the request of...

RetailMember

Phase Eight to open its first standalone store in Germany

British womenswear brand Phase Eight is opening its first standalone German store in Westfield Centro Oberhausen on June 30. In a statement, Phase Eight said the expansion into Germany reflected its “very successful wholesale market” in the region and Westfield Centro Oberhausen was chosen as the customer base “perfectly aligns with our brand...

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German Supply Chain Law comes into force on 1st January 2023

The “Act on Corporate Due Diligence in Supply Chains” was passed by the German Bundestag in June 2021 and will come into force in a few short days - on 1st January 2023. It will initially cover large companies with 3,000 or more employees, and from 2024 also companies with 1,000 or more employees. What does this mean for companies? From Sunday,...