|Kaufhof/ Sport-Arena Bonn|
In the third quarter alone revenues for the German department store chain, which also runs 13 Sportarena stores and a fistful of specialty outdoor shops, improved significantly and rose by 1.8 percent to €0.7 billion. In the first nine months, earnings before interest and taxes (Ebit) improved from a loss of €40 million to -€24 million. In the third quarter, the loss decreased from -€9 to -€2 million. Some of the progress was due to Kaufhof’s strategic decision to phase out consumer electronics to the benefit of higher-margin product categories such as footwear, apparel and accessories.
by on Oct 30, 2012 through Ispo Newsblog