DGAP-News: Adler Modemärkte AG

DGAP-News: Adler Modemärkte AG: ADLER Continues Expansion in Luxembourg

DGAP-News: Adler Modemärkte AG / Key word(s): Expansion Adler Modemärkte AG: ADLER Continues Expansion in Luxembourg

24.11.2016 / 09:00 The issuer is solely responsible for the content of this announcement.

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Adler Modemärkte AG opened a new store in Wemperhardt, further strengthening the Company's position in Luxembourg and implementing its previously-announced expansion strategy in new, lucrative locations. Given the currently challenging environment for the textile retail industry, the strategy calls for an expansion of the network by one to two stores in 2016.

The Wemperhardt store is ADLER's third in Luxembourg. It is located in a shopping centre that is open seven days a week. Customers can browse the familiar wide range of own and external brands for womenswear, menswear and kidswear on the store's spacious sales floor, which totals approximately 2,400 m2.

"The shopping centre in the border town of Wemperhardt has long been an established shopping destination for customers from Luxembourg, Belgium and Germany", said ADLER CEO Lothar Schäfer, commenting on the opening of the new store. "Specialist stores, one full-range provider for foodstuffs and two petrol stations ensure high customer footfall. We're highly optimistic that the new store will be a success."

In addition to the new store in Wemperhardt, the network of stores in Germany was also increased by one store in Dillenburg in November. With a sales floor of just under 2,300 m2, that new store also has abundant retail space for the full range of products typically offered by ADLER. The total number of ADLER stores in Germany and abroad thus increased and now totals 182.

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24.11.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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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 End of News DGAP News Service ---------------------------------------------------------------------------

523741 24.11.2016