Posts tagged as karstadt

  • Joachim Schröder (1950 - 2015)

    Friday, November 20th 2015

    Karstadt: Joachim Schröder dies at 65

    by Markus Huber

    The long-time director in charge of sporting goods at Karstadt, the German department store chain, died unexpectedly on Nov. 10. Joachim Schröder was the mastermind behind the development of the specialty format Karstadt Sports which counted, at the end of his career, 29 doors. He left the group in 2002 for health reasons. During his […]

  • Einkaufscenter am Limkecker Platz

    Monday, October 19th 2015

    Karstadt close to turnaround?

    by Markus Huber

    According to unconfirmed media reports, results from Karstadt, the German department store chain, for the financial year 2014-15, were not that bad. In the fiscal year ended Sept 30., total sales declined by 2.7 percent over the prior year to €2.15 billion. net loss went significantly down to €60-70 million after €190 million in 2013-14. […]

  • karstadt_düsseldorf

    Monday, August 10th 2015

    Karstadt: lower sales, no profit, but more sports

    by Markus Huber

    Karstadt, the beleaguered German department store chain, has booked a decline in sales by 2.7 percent to €2.24 billion in its financial year ended Sept. 30. The number of outlets remained stable at 83. The figures do not include the Karstadt Sports specialty stores which are operated by a separate company. The operating loss was lower […]

  • Monday, July 20th 2015

    Niki Lauda to join Karstadt parent as an investor

    by Markus Huber

    Textilwirtschaft reports that Niki Lauda, the famous Austrian Formula 1 driver, is moving into Signa, the owner of the German Karstadt department store chain as well as Karstadt Sports and the KaDeWe Group, through his private foundation. Lauda takes over a 10 percent stake in Signa Retail which is, technically speaking, the subsidiary that controls […]

  • Wednesday, May 20th 2015

    Media report: Karstadt owner is serious about Kaufhof

    by Markus Huber

    It’s no new story that Benko Retail, the operator of Karstadt department stores in Germany, is eager to acquire its competitor Galeria Kaufhof. Since 2011, the Austrian Benko group has been interested in buying Kaufhof from its parent company Metro. The retail and cash and carry giant has refused, while letting it be known that it […]

  • karstadt_4

    Tuesday, May 12th 2015

    Karstadt to shut down five more stores

    by Markus Huber

    Karstadt, the beleaguered department store chain and a leading sporting goods retailer in Germany, reportedly intends to close five more of its loss-making stores by March 31 and June 30, 2016, respectively. Textilwirtschaft says that the 500 employees affected were informed yesterday. Currently, the chain operates 83 department stores, but two are to be closed […]

  • Friday, November 14th 2014

    Former Karstadt chief goes into jail

    by Markus Huber

    Thomas Middelhoff, the former chief executive of Arcandor, then the holding company of Karstadt, the German department and sporting goods store chain, has been sent to prison for three years this morning. A court in Essen ruled that the 61-year-old was guilty in 44 cases of embezzlement and tax fraud. It was said that he […]

  • Shining bright, but losing money: Galeria Kaufhof.

    Monday, November 3rd 2014

    Karstadt and Kaufhof: merger talks confirmed

    by Markus Huber

    Metro, the parent group of German department store chain Kaufhof, which also runs the Sportarena banner, has confirmed talks with René Benko, the Austrian owner of competitor Karstadt. While not denying discussions about a possible merger of the two chains, Metro Group was quick to say that the talks were non-committal and will remain so in […]

  • Einkaufscenter am Limkecker Platz

    Friday, October 24th 2014

    Karstadt appoints a new chief and will close stores

    by Markus Huber

    The supervisory board of Karstadt, the troubled German department store group, has decided on its new operational leadership and plans to restructure the chain. As expected, Stephan Fanderl, until now chairman of the supervisory board, has been named new chief executive officer. On the supervisory body he is replaced by Wolfram Keil, also an executive of Signa, the […]