AGP Executive Report
Last update: 3 hours agoRetail Security: Cyberattacks on supermarket refrigeration systems have forced retailers in Europe to discard spoiled food, and German stores are also reported among the targets. Electronics Retail: The EU has conditionally cleared JD.com’s takeover of Ceconomy, the German electronics retailer, bringing the deal a step closer while leaving conditions to meet. Consumer Spending: German retail sales fell unexpectedly in September, while consumer mood sank to a six-month low, pointing to continued pressure on shoppers despite October inflation easing to 2.8%. Electric Cars: Germany’s EV share reached a record 37%, with battery-electric cars outselling petrol and diesel models combined. Airport Shopping: Smartseller has won a 10-year Bremen Airport contract; plans call for a combined shop and food outlet of about 880 square metres to open in 2027.
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