Trade in Mexico contracted in the first half of 2024, with the greatest signs of weakness seen in online sales, in self-service stores, and in the purchase of household goods. Retail sales in June had their second consecutive monthly decline and the first in their annual measurement, after four upward readings, the National Institute of … Read more
/nginx/o/2024/01/23/15845927t1hd69f.jpg "Macy’s Receives Offer from Investment Companies Arkhouse Management and Brigade Capital Management, Rejects .8 Billion Deal")
“Macy’s” states in a statement that it has received an offer from the investment companies “Arkhouse Management” and “Brigade Capital Management” to purchase all of the company’s shares. Speculations about a possible deal worth 5.8 billion have been circulating since December, when it was first reported by the “Wall Street Journal”. However, “Macy’s” has rejected … Read more
/nginx/o/2024/01/17/15836140t1h9fbc.jpg "MediaMarktSaturn CEO advocates for Sunday store openings to meet customer demand")
According to Wildberger, many shoppers want more flexibility to shop on weekends, including Sundays. “We want to offer our customers the most attractive working hours possible. This does not mean that all MediaMarktSaturn stores must be open on Sundays. However, if buyers accept such an offer, I strongly support the concept,” he said in an … Read more
:watermark(https://f.pmo.ee//logos/4133/bb989514d16b88b940b51f02e07642d0.png,-2p,-2p,0,18,none)/nginx/o/2023/12/14/15780772t1h3696.jpg "IKEA Opening New Planning and Product Ordering Location in Liepaja, Latvia in 2024")
The new Planning and product ordering location will be located in Liepāja, Ezermalas Street. “IKEA Liepāja” will occupy approximately 1,000 square meters of space in an existing building. The company explains that the purpose of the “IKEA” planning and product ordering center is to provide support in the planning of “IKEA” furniture systems – kitchen … Read more
/nginx/o/2023/08/31/15559525t1h4268.jpg "Lidl Eesti’s Investment Strategy, Losses and Expansion Plans in Estonia")
Losses were caused by investments and related processes. The company plans to cover the losses using future years’ profits, the report said. In total, since 2016, “Lidl” has invested 111.1 million euros in long-term assets in Estonia. In the last financial year, the company invested 25.1 million euros. In order to finance the investments of … Read more
/nginx/o/2023/08/21/15539250t1hed00.jpg "Rimi’s Turnover Growth in Latvia, Estonia, and Lithuania – Statistics and Store Expansion")
In Latvia, the turnover of “Rimi” in the first half of the year compared to January-June last year increased by 6.4% – up to 434.4 million euros, while in Estonia, the turnover of “Rimi” in the first six months of this year was 227.7 million euros, which is by 7 .2% more than a year … Read more
Status: 07/15/2023 10:36 a.m The Lower Saxony Chambers of Industry and Commerce (IHKN) have presented their quarterly economic survey. The result: Many companies in the country fear for their competitiveness. Overall, the IHKN draw a rather gloomy picture for Lower Saxony. Although the current situation is still satisfactory, the forecasts for the coming quarter are … Read more
Status: 06/28/2023 10:21 a.m Continued high inflation and the economic downturn mean that many people are less willing to spend. The German consumer climate has deteriorated. For the first time in eight months, consumer sentiment in Germany is declining again. The consumer climate index, which the consumer research company GfK determines through a monthly survey … Read more
Wiesbaden (dpa/lhe) – With a view to the protest by the pharmacies this Wednesday (June 14), Hesse’s Prime Minister Boris Rhein is calling for a strategy for the secure supply of medicines. “I could not have imagined a few years ago that parents could not even get the right cough syrup for their children in … Read more
Status: 05/24/2023 2:41 p.m The high inflation and the slump in consumption after the Russian attack on the Ukraine pushed the Otto Group from Hamburg into the red. In Germany, the trading and service group posted a sharp drop in sales. In the 2022/23 financial year, it fell by nine percent to nine billion euros. … Read more