Blue yule for U.K. retailers
Article Abstract:
Weak sales results from the 2004 Christmas shopping season have led British retailers including Marks and Spencer PLC, Next PLC, and Woolworths Group PLC, to reduce their full-year earnings expectations. While the British retail market has been seen as remaining solid in the face of pressures that have led to dwindling sales among European retailers, analysts now foresee the U.K. market falling prey to price wars, competition from discounters, and a decrease in consumer spending.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005
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Karstadt returns to profit after selling real estate
Article Abstract:
KarstadtQuelle AG of Germany has divested some assets and is planning to restructure. The retail giant is also planning to change its name to Arcandor AG. Net profit for 2006 is 346 million Euros ($460.7 million) compared with a slide of 316 million Euros in 2005.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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