Galeria Kaufhof: developments in the department store business
In 2012, the department store segment in Germany remained at the level it reached in the previous year. As expected, the sector’s results finished behind German retailing as a whole.
In 2011, sales trends with textiles and clothing, the focal points of department stores’ assortments, were still positive. But these trends did not continue in 2012. Rather, sales decreased slightly. Following a weak 1st half of the year, a generally positive trend began in the 2nd half. The conflicting direction taken by various sales channels in the textile and clothing market continued in 2012: sales generated by mail-order and online retailing continued to rise. But sales produced by stationary stores fell. Most stationary formats, including department stores, were unable to escape this trend.
In Belgium, Galeria Inno continued the positive sales trends seen in the previous year. But Galeria Inno’s sales results slightly lagged behind those of the Belgian retail sector.