Victoria's Feed
May 23, 2012

Mexico seeks new tourists despite drug wars

FRANKFURT (Reuters) – Mexico is relying on travelers from countries like Russia and Brazil to boost its tourism numbers this year after the drug war plaguing the country deterred U.S. visitors, its largest source of tourists.

The number of international tourists arriving on flights is expected to rise between 9 and 10 percent this year from the 22.7 million in 2011, Tourism Minister Gloria Guevara told Reuters in an interview in Frankfurt.

May 17, 2012

Berlin airport opening delayed to March

FRANKFURT, May 17 (Reuters) – The opening of Berlin’s new
airport has been pushed back nine months to March 17 after
problems with fire safety systems, dealing an embarrassing blow
to the German capital and angering airlines.

Manfred Koertgen, the airport’s managing director for
technical issues, has been sacked and will leave the role on
June 1, Berlin mayor Klaus Wowereit told reporters on Thursday.

May 10, 2012

TUI AG narrows loss as tourists return to N Africa

FRANKFURT (Reuters) – German travel and tourism group TUI AG said demand for holidays in North Africa was recovering, as it reported a smaller than expected second-quarter loss.

“The situation in Tunisia is especially encouraging, but we are seeing some pick-up in Egypt too,” Chief Financial Officer Horst Baier told analysts on Thursday.

May 9, 2012

Henkel eyes more price rises as glues improve

FRANKFURT, May 9 (Reuters) – German consumer goods company
Henkel said more price increases would help it meet
its 2012 guidance as it reported a slow return to sales growth
at its adhesives unit in the first quarter.

While industrial adhesives were a bright spot for companies
such as Henkel and local rival Beiersdorf last year,
Henkel in March said its adhesives business was slowing as
customers in China used up stock.

May 3, 2012

Retailer Metro posts loss after spending big to counter austerity

FRANKFURT, May 3 (Reuters) – Germany’s Metro, the
world’s fourth largest retailer, slipped into a loss at the
start of the year as it invested in new products and services to
encourage cash-strapped shoppers in Europe to part with their
cash.

Metro, which runs cash & carries, hypermarkets, consumer
electronics and department stores, on Thursday reported an
operating loss of 9 million euros ($11.8 million)for the first
three months of 2012, confounding expectations for a profit of
almost 50 million.

Apr 30, 2012

Adidas ups 2012 goals as it trumps rivals in China

FRANKFURT (Reuters) – Adidas (ADSGn.DE: Quote, Profile, Research, Stock Buzz), the world’s second-biggest sporting goods company, raised its 2012 profit forecast after outperforming rivals Nike and Puma in the key Chinese market as shoppers there snapped up its trademark three-stripe sneakers.

Adidas shares jumped to a record-high on the news, as investors brushed aside the German company’s warning that “commercial irregularities” at its Reebok unit in India could cost it almost 200 million euros ($265 million).

Apr 27, 2012

German retailer Neckermann closes catalogue selling

FRANKFURT, April 27 (Reuters) – German mail order company
Neckermann announced it was moving online on Friday, leaving
more than half of its staff out of work as customers
increasingly turn to websites rather than catalogues to buy
homewares, furniture or technology.

“The future of mail order is in the Internet. We cannot let
this pass us by,” the Frankfurt-based company said in a
statement announcing an end to its print catalogue, adding that
over 80 percent of its sales are now made online.

Apr 25, 2012

European slowdown hits Puma first quarter results

FRANKFURT (Reuters) – Germany’s Puma (PUMG.DE: Quote, Profile, Research) missed expectations with a 5 percent fall in first-quarter earnings, as the group was hit by wariness among European consumers and struggled to exploit demand for western brands in China and lightweight sneakers in the United States.

Along with larger rivals Nike (NKE.N: Quote, Profile, Research) and Adidas (ADSGn.DE: Quote, Profile, Research), Puma had enjoyed a strong end to 2011 and analysts said they were surprised by the results, with sales, margins and profits all missing average forecasts.

Apr 25, 2012

European slowdown hits Puma Q1 results

FRANKFURT, April 25 (Reuters) – Germany’s Puma
missed expectations with a 5 percent fall in first-quarter
earnings, as the group was hit by wariness among European
consumers and struggled to exploit demand for western brands in
China and lightweight sneakers in the United States.

Along with larger rivals Nike and Adidas,
Puma had enjoyed a strong end to 2011 and analysts said they
were surprised by the results, with sales, margins and profits
all missing average forecasts.

Apr 20, 2012

Amundsen and Scott drive Antarctica tourism rebound

FRANKFURT (Reuters) – Sweeping landscapes, an untouched coastline, whales and penguins galore and the thrill of walking in the footsteps of famous explorers.

After a drop in tourist numbers in recent years, Antarctica is gaining in popularity this year thanks to the recent centenary of the South Pole expeditions and as people start to feel more comfortable shelling out for a once-in-a-lifetime trip.

    • About Victoria

      "Based in Frankfurt, covering German companies in the retail, travel and leisure sectors. In my previous Reuters incarnation in London, I focused on green tech firms, utilities and an array of smallcaps that came my way on the Breaking News team. I started my career as a translator with the Financial Times in London before switching into journalism."
    • Follow Victoria