Karstadt business is a little better – FAZ – Frankfurter Allgemeine Zeitung

      

 
 
 
 
 
     
 
 
 
 
 
 
 
 
         

 
 
 
 
 
          Before a Karstadt branch.
     

 
                                              

 
 
     
     
     
         
         
                                                             

The Karstadt department stores have slipped in the past fiscal year, even deeper into the red. As is apparent from the balance sheet now in the Federal Gazette published, although the net loss of the fiscal year 2013/14 amounted to EUR 190 million to EUR 131 million last year.

                         
         
         
                                                             
                                 

The main reason, however, was the austerity program, the staff cuts and the closure of branches looks. For this austerity program and other causes created special charges totaling 83 million euros. The result from the ordinary course of business, however, improved from minus EUR 124 million to minus € 108 million.

                         
         
         
                                                             

The conversion of the 83 department stores declined in the fiscal year that ended on 30 September 2014 by 2.7 percent to 2.2 billion euros and was thus declared to “slightly” higher than predicted. The Karstadt management blames bad weather conditions in the Christmas season in charge and advertising concepts, such as the show “Fashion Star” on Pro 7, which missed expectations. This had led to increased stock levels.

                         
         
         
                                                                                                                                                                      

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However, Karstadt was able to increase its sales of fashion in the fiscal year. In sport shop Karstadt benefited from the Soccer World Cup. Particularly clearly the decline in sales was in the area of ​​electronics.

                         
         
         
                                                 
             
                                 

 
  

 
 
 
                       

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12.02.2015, 09:54 clock | Economy

     
     
     

 

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Karstadt business is doing something better

The department store chain Karstadt has again done something better deal in the past year. However, the reduction in personnel costs money.
  

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