The Munich retailer Ludwig Beck had to pay tribute to the difficult economic conditions in the first quarter of the 2026 financial year. As the company announced on Thursday, sales fell short of the previous year’s level. At the same time, the loss increased.
In the months January to March, the group generated gross merchandise sales of 17.9 million euros. This corresponded to a decrease of two percent compared to the same period last year. Net sales, which were 15.4 million euros in the first quarter of 2025, fell to 15.0 million euros.
In the “Textile” segment, gross sales fell from 14.2 to 13.7 million euros; in the “Nontextile” segment, at 4.2 million euros, they were slightly higher than the previous year’s level of 4.1 million euros. According to its own statements, the retailer suffered a “slight decline in sales” in its online business.
As a result of “higher price markdowns due to longer sales of autumn/winter goods”, the gross margin fell from 45.6 to 45.1 percent. The operating loss rose from 1.1 to 1.2 million euros, the net loss increased from 1.9 to 2.1 million euros.
The retailer expects the market environment to remain “challenging” in the coming months. The company said that management is therefore “taking a cautious look at the current financial year due to current developments and general conditions”.