Adler Modemärkte news and archive

Adler appoints Wolfgang Burgard as the new board chairman

The supervisory board of Adler Modemärkte AG has elected Wolfgang Burgard as the new chairman with immediate effect. He is taking over the position of Massimiliano Monti, who resigned from his post effective April 20, 2021. Burgard has been a member of the company’s supervisory board since June 2013. Adler Modemärkte, headquartered in Haibach...

Business

Adler Modemärkte files for bankruptcy protection

As a result of the renewed officially ordered closure of 169 of the total of 171 stores until at least the end of January 2021, the management board of Adler Modemärkte AG has decided to file an application for the opening of insolvency proceedings in self-administration with the local court of Aschaffenburg. The company said in a statement,...

Business

Adler re-launches online shop ahead of the holiday season

Adler Modemärkte AG has announced the launch of its new online shop three months earlier than planned to take advantage of the important holiday season. The company said in a statement that the expansion of the e-commerce business is a central element of Adler’s growth strategy and the new online shop was originally announced for the year 2021....

Business

Adler plans store closures to drive sales and profitability

Adler has said that the company’s performance in the 2018 financial year was in line with the forecast as adjusted in November 2018. Consolidated revenue amounted to 507.1 million euros (573.9 million dollars), down 3.6 percent on the previous year, while EBITDA of 20.7 million euros compared to 32 million euros in 2017, was reported. However,...

Business

Adler Modemärkte reports EBITDA of 20.7 million euros

Adler Modemärkte Ag has reported EBITDA of 20.7 million euros (23.4 million dollars) compared to 32 million euros (36.3 million dollars) in its preliminary results statement. The company said, it succeeded in meeting the forecast figures, which had been adjusted in November 2018, despite the persistently weak conditions on the German retail...

Business

Adler Modemärkte downgrades FY18 revenue forecast

In light of the extraordinarily hot and long summer as well as downbeat industry expectations for the holiday season, Adler Modemärkte AG had revised downward its forecast for 2018 overall as reported in the 2017 Annual Report. The management now expects revenue for the overall year to be down year on year at 525.8 million euros (601 million...

Business

Adler Modemärkte Q1 sales decline 5.5 percent

Adler Modemärkte AG started the 2018 financial year with a decline in sales and earnings. The company said, against the background of a continued weak industry environment, sales amounted to 102.7 million euros (122.5 million dollars), 5.5 percent below the previous year's level. On a like-for-like basis, the decline was 6.2 percent. Gross...