Germany's Kaufhof satisfied with Christmas trade - paper
FRANKFURT (Reuters) - German department store chain Kaufhof (MEOG.DE) told a newspaper Christmas trading had been satisfactory, although bargain-hunting shoppers had waited until late to spend on presents, reflecting a trend across Europe.
"We are satisfied, even though we had two fewer selling days than in the previous year," Kaufhof boss Lovro Mandac told German paper Welt am Sonntag, according to an advance copy of an interview to be published on Sunday.
Retailers across Europe have spoken of a "last minute" Christmas this year as cash-strapped consumers waited for shops to cut prices.
Even in relatively prosperous Germany, Christmas trading got off to a slow start before a final rush, retail association HDE has said.
Kaufhof is part of Metro, the world's fourth-largest retailer which also runs cash and carries, consumer electronic stores and hypermarkets.
Metro is due to give a full update on 2012 trading on January 16.
(Reporting by Victoria Bryan; editing by Jane Baird)
- Tweet this
- Share this
- Digg this
- Subdued investment banking hits Barclays profits |
- Libyan militants overrun Benghazi special forces base as chaos deepens
- Carnage at U.N. school as Israel pounds Gaza refugee camp |
- African girls to sue British Airways over alleged abuse by pilot
- EU and U.S. announce new sanctions on Russia over Ukraine |