Adler modemarkte ag news and archive

Adler posts H1 net loss of 49.4 million euros

Adler Modemärkte AG said in a statement that after the official order to close all 171 stores for several weeks in response to the Covid-19 pandemic had a massive impact on the KPIs in the first half of the year. Revenue amounted to 138.1 million euros, over 40 percent below the prior-year period. The company also reported a significant drop in...

Business

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....