Germany’s premier drug store chain “Schlecker” has deemed its corporate structure too ineffective to continue in the changing German market. In 2004, with its overwhelming share of the drug store market crumbling, a restructuring of a large number of small stores seemed to be too great a burden for Germany’s largest drug retailer leading, instead, to the closure of around 1000 outlets. Recently Anton Schlecker, the owner of the drug-store chain, stated in Manager Magazine that a complete overhaul of Schlecker’s business structure is once again needed.

Since the start of its downfall in 2004, the company has experienced mostly Continue →

On February 8th, 2010, the Bundesverfassungsgericht declared the Hartz 4 social legislation for unemployed benefits and similar welfare acts, enacted as part of the Agenda 2010 reform package, unconstitutional. While this is not one of our usual economic topics, it’s repercussions for the Nation are as severe as any. Continue →