Penny: latest retail news, insights and analysis | ESM Magazine

REWE Group Announces Strategic Partnerships With Shell And EnBW

REWE Group will set up more than 6,000 e-charging points at PENNY and REWE stores in Germany in association with EnBW and Shell.

Germany's Penny Donates €1.35m To Flood Victims

German discount retailer Penny has donated €1.35 million for communities affected by the recent flooding in the country, through a fundraising project...

Germany Floods: Retailers Pledge Support For Regions Struck By Disaster

Lidl and Kaufland owner Schwarz Group has announced a donation of €10 million in 'immediate support' to areas of Germany affected by last week's sever...

Taking Centre Stage – Examining Europe's Top 10 Discounters

New research from IGD has shown that the discount channel will account for 43% of retail growth across Europe and will add €34 billion in sales f...

REWE Group Sees Turnover Exceed €75bn In Full-Year 2020

Germany's REWE Group has posted 20.4% year-on-year growth in adjusted turnover to €75.3 billion in its full financial year 2020, driven by the su...

REWE Group Posts 3.7% Revenue Increase In Full-Year 2019

Germany's REWE Group has posted a 3.7% increase in revenue in full-year 2019, in what chief executive Lionel Souque said was a "good year" for th...

Penny Trading Director Jochen Baab Leaves Rewe Group

Rewe Group has announced that Jochen Baab, divisional director with responsibility for trading at Penny Germany, is leaving the retailer. Baab is taking o...