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Article: Schlecker turnover down at home.(INTERNATIONAL NEWS)
- Article from:
- Cosmetics International
- Article date:
- April 24, 2009
CopyrightCOPYRIGHT 2009 Communications International Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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German drug store group Schlecker is finding itself in a bit of trouble in its home market these days despite outnumbering its competitors with over 14,000 outlets in Europe and 10650 branches in Germany alone.
In the last few years Schlecker only managed to grow by opening yet more branches and acquiring the lhr Platz drug store chain.
While the group's total retail space is impressive, rivals DM and Rossmann, both with far fewer outlets, have long outstripped Anton Schlecker's drug store empire in terms of profitable growth and productivity.
Despite losing out to its competitors in these departments, Schlecker's European turnover is still ...