Adler Modemärkte AG
Adler Modemärkte AG: ADLER Stores Start to Reopen
DGAP-News: Adler Modemärkte AG
/ Key word(s): Miscellaneous
Press Release from Adler Modemärkte AG 75+ Stores Welcome Back Customers in Germany ADLER Stores Start to Reopen Haibach (near Aschaffenburg), 24 April 2020: As of today, Adler Modemärkte AG has reopened more than 75 stores after officials lifted restrictions on shops with up to 800 square metres of sales space. This marks the beginning of the end of the officially-mandated closure of the Company’s 171 stores in Germany, Austria, Luxembourg and Switzerland, which was imposed between 16 and 18 March 2020 as the spread of COVID-19 gathered pace. Construction measures were implemented – without the need for additional investments – to temporarily downsize the relevant stores in 12 federal states to the officially-approved size. ADLER is taking all the necessary precautions and hygiene measures to offer its customers and staff the best level of protection possible. The local authorities have already found these measures to be excellent. Although businesses have not yet reopened in Bavaria, North Rhine-Westphalia, Saxony and Saxony-Anhalt, these states are expected to approve similar measures in the near future. North Rhine-Westphalia has already announced that stores will be allowed to reopen beginning on 27 April. ADLER is monitoring these developments very closely and is already preparing the approximately 65 stores to immediately reopen their doors. It is not yet possible to say when the total of 142 stores in Germany will be able to once again open up their full sales space, which on average spans well over 1,500 square metres. However, experts expect this to happen in the first half of May, provided strict hygiene measures are put in place and complied with – something ADLER is already well prepared for. 29 stores outside Germany expected to reopen in early to mid-May Specific dates on which the Company’s stores outside of Germany will be able to reopen are also being floated. ADLER’s 24 stores in Austria will reopen on 2 May. According to the latest information, the three stores in Luxembourg and the two stores in Switzerland will be able to resume operations on 11 May. Intense discussions are under way in an effort to potentially accelerate this timeline. Next date: The figures for the first quarter of 2020 are scheduled to be published on 5 May.
Adler Modemärkte AG press enquiries and investor relations: Peter Dietz Media and Investor Relations Tel.: +49 6021 633 1828 E-mail: investorrelations@adler.de
24.04.2020 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Adler Modemärkte AG |
Industriestraße Ost 1-7 | |
63808 Haibach | |
Germany | |
Phone: | +49 (0) 6021 633 0 |
Fax: | +49 (0) 6021 633 1299 |
E-mail: | info@adler.de |
Internet: | www.adlermode.com |
ISIN: | DE000A1H8MU2 |
WKN: | A1H8MU |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1028835 |
End of News | DGAP News Service |