• Germany edition
 
Shopkeepers worry about Christmas profits
Photo: DPA

Shopkeepers worry about Christmas profits

Published: 19 Sep 2012 07:24 GMT+02:00
Updated: 19 Sep 2012 07:24 GMT+02:00

Fears are growing in the German retail industry that economic concerns and high energy prices could reduce the buying power of the German shoppers.

"The mood in the German retail market has cooled off," said the German Trade Association (HDE) Managing Director Stefan Genth, summing up the results of the association's survey of 1,300 shopkeepers.

It is not just the uncertainty over the euro crisis that's got the retail industry worried, he added. The rising energy prices also a big concern to the industry.

The high cost of electricity, heating oil and gasoline limit the purchasing budget of the buyer while creating creating higher operating costs for shops and negatively affecting the retail industry's bottom line.

And because competition is tough, many companies aren't able to fully pass on the increased costs to their customers, said Genth. Almost half of the companies interviewed for the survey complained about reduced profits in the first half of the year.

But the association's mood may be worse than the actual situation.

"The economic concerns seem to be currently larger than the actual economic risks," said Genth, adding that the country's low unemployment was a good basis for flourishing business in the coming months.

The German Trade Association anticipates a strong holiday shopping season, despite the economic downturn, he said.

The Local/sh

The Local (news@thelocal.de)

Don't miss...X
Left Right

Your comments about this article

08:54 September 19, 2012 by Berlin fuer alles
In the name of austerity and preserving the Euro for big business I declare Christmas cancelled. Ooops. can't have that either that would also affect the wealthy businesses. What to do then? Maybe we should all pay more and borrow more and keep spending what we ain't got. But wouldn't that lead to another banking crisis? One giant merry-go-round. As much as the top 1% might hate the idea, they are in this with the rest of us and need to pay more themselves so as we can have more to spend more. Greedy pigs.
02:42 September 20, 2012 by BorninDachau
I find it amazing that the 1% nonsense has also spread to Germany. The takers, the envious, the flat out lazy also want to blame someone else for their shortcomings. They want on the so called "Giant merry-go-round" but, only if someone else pays for their ticket.
Today's headlines
Four Germans on missing Air Algérie flight
A Swiftair flight Photo: EPA/SWIFTAIR / HANDOUT BEST QUALITY AVAILABLE

Four Germans on missing Air Algérie flight

UPDATE: Four Germans were among the 116 people onboard a Air Algérie flight which crashed over Mali on Thursday, according to the airline which operated flight number AH5017. READ  

Munich midwife 'tried to kill pregnant mums'
The hospital in Munich where the midwife worked. Photo: DPA

Munich midwife 'tried to kill pregnant mums'

A midwife in Munich stands accused of trying to murder four pregnant mums during childbirth using a blood-thinning drug. READ  

Top university switches master's to English
Munich's TU university wants to switch its master's programmes to English. Photo: DPA

Top university switches master's to English

UPDATE: One of Germany’s top universities wants to ditch German and switch almost all of its master’s programmes to English in the next six years, prompting fears that the academic standing of the German language is under serious threat. READ  

Death sentence for Afghan reporter murderer
Anja Niedringhaus (r) with colleague Kathy Gannon in 2013. Photo: DPA

Death sentence for Afghan reporter murderer

A former Afghan police commander has been sentenced to death in Kabul for the killing of German war reporter and photographer Anja Niedringhaus in April this year. READ  

ECB blackmailed after data stolen
The ECB building (right) in Frankfurt. Photo: DPA

ECB blackmailed after data stolen

The European Central Bank in Frankfurt has received a blackmail letter after its public website was hacked and contact data stolen, the bank said on Thursday. READ  

Manhunt on for police officer's killer
Police searching the area on Thursday morning have released an e-fit of the suspect. Photo: DPA/Polizei Hessen

Manhunt on for police officer's killer

UPDATE: An off-duty police officer was shot dead in a street in western Germany on Wednesday night, prompting a large-scale manhunt for the culprit. READ  

Berlin is Europe's fastest growing tourist city
Photo: DPA

Berlin is Europe's fastest growing tourist city

Berlin is the fastest growing tourist destination among Europe’s major cities, with overnight stays in the capital up eight percent in 2013. It could soon topple Paris as Europe’s number two tourist city. READ  

Lufthansa flight ban is 'surrender to terror'
Tel Aviv's Ben Gurion International airport board shows cancelled flights from Europe on Wednesday. Photo: DPA

Lufthansa flight ban is 'surrender to terror'

Politicians criticized German flight operators for "surrendering to terror" after they refused on Thursday to resume flights to Tel Aviv, despite a US decision to lift a two-day flight ban to the Israeli city. READ  

'Auschwitz criminal' dies ahead of US extradition
Photo: DPA

'Auschwitz criminal' dies ahead of US extradition

An 89-year-old American and alleged Nazi war criminal died just hours before a US court approved his extradition to Germany, his lawyer said late on Wednesday. READ  

Robots could take half of jobs in Germany
The employee of the future? Photo: DPA

Robots could take half of jobs in Germany

More than half of the jobs currently being done in Germany could be taken over by robots in the next 20 years, according to a think-tank. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
instagram.com/gotzemario
Gallery
Germany's World Cup stars share their holiday photos
Travel
Plans unveiled for bike trail along former Iron Curtain
Photo: DPA
Sport
Yoga helped Jogi's boys bring World Cup home
Photo: DPA
National
Pressure on police over anti-Semitic protests
Photo: DPA
Gallery
The Local List: 12 best words in German
Photo: DPA
Politics
View from Germany: 'Nobody will win in an economic war with Russia'
Photo: DPA
Business & Money
Jobtalk: How innovative is Germany?
Photo: DPA
Gallery
German Bucket List: How many of these can you tick off?
Photo: DPA
Gallery
Germany's week in pictures: July 12th - July 18th
Photo: DPA
Business & Money
Which workers is Germany short of?
Photo: DPA
Gallery
Ten best expat jobs in Germany: Which one would you choose?
Photo: Europeana.de 1914 - 1918
Gallery
A German soldier's life behind WWI lines
Photo: Shutterstock
Features
Some of the most embarrassing mistakes you can make in German
Education
Raising the bar for law & business in Germany
Photo: DPA
Business & Money
JobTalk: All you need to know about working in Germany
Photo: DPA
Features
The Local List Archive - Your guide to all things German
National
Share news tips with The Local Germany
Sponsored Article
CurrencyFair: Why it pays when making overseas transfers
Sponsored Article
Bilingual school turning education on its head
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

Latest news from The Local in Sweden

More news from Sweden at thelocal.se

3,269
jobs available
Toytown Germany
Germany's English-speaking crowd