Germany news and archive

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...

Business

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...

Business

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,"...

Retail

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...

Retail

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...

Business

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,...

BusinessPress Release

German trade fairs recover slowly

First recovery in sight for trade fairs in Germany: At least 340 trade fairs are planned between Husum and Friedrichshafen in 2023. Thus, almost 25 percent more trade fairs will take place in the new year than were possible in Germany this year. In the first quarter of 2023 alone, a good 120 trade fairs are scheduled - in 2022, only 18 trade...

Fashion

Rimowa creates Design Prize for students in Germany

German luxury luggage company Rimowa (LVMH Group) has launched the Rimowa Design Prize, a competition for young creatives studying at universities in Germany. Rimowa has teamed up with some of the country’s top design universities to give students the opportunity to showcase their design skills while at the same time inspiring other talent in...

Business

Are German fashion businesses prepared for the impending supply chain law?

On 1st January 2023, the German Supply Chain Due Diligence Act (GSCA) will come into force, requiring companies with more than 3,000 employees from next year and with more than 1,000 the year after to follow clear and enforceable due diligence requirements from raw material to finished product. These aim to ensure the protection of human rights...

Business

Survey finds UK shoppers least likely to wait for stock during supply chain challenges

Multichannel commerce platform ChannelAdvisor has found that UK shoppers are less likely to wait for stock than their EU counterparts. The ChannelAdvisor survey gathered data from more than 3,000 online shoppers located in the UK, France and Germany. With supply chain disruptions threatening revenues, the overall result found that British...

Business |BACKGROUND Featured

A guide to the German fashion market

Germany is an attractive market for the fashion industry. Within Europe, it is the largest and one of the richest markets. Many international players have found a reliable key market in Germany. But on the other hand, many brands and retailers have tried unsuccessfully to conquer it. What was the reason for that? Here - on the eve of Berlin...

Business

Amazon criticised for disposal of returned and unsold items in Germany

Online retailer Amazon has come under criticism because of its disposal of returned and unsold items. According to reports by German public-service television broadcaster ZDF and German business weekly Wirtschaftswoche on Friday, in the German warehouses of the US company, large volume of goods are simply disposed of. These items include...