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Business, international

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Karstadt gets a makeover, a store at a time

Article Abstract:

KarstadtQuelle AG of Germany is planning makeovers of its entire line of department stores. The first store to be remodelled in Bochum, Germany cost 500,000 Euros (about $590,000) to recreate and sales are up seven percent from 2004. The remodelling efforts have been a success with 84 percent of customers saying they are happy with the changes.

Facilities & equipment, Organizational history, Buildings and facilities, Company restructuring/company reorganization, Reorganization and restructuring, Company Profile, Company organization

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Karstadt posts a narrower loss, sells real estate

Article Abstract:

KarstadtQuelle AG of Germany posted a narrow net loss for 2005 and sold 3.7 billion Euros ($4.45 billion) worth of real estate that payed down its debt. The real estate was sold to a joint venture with Whitehall, a division of Goldman Sachs Group Inc. KarstadtQuelle AG owns 90 department stores and 30 sporting goods stores across Germany.

Acquisitions & mergers, Sales, profits & dividends, Mergers, acquisitions and divestments, Company acquisition/merger, Company sales and earnings, Company earnings/profit

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Karstadt considers possible merger, takeover

Article Abstract:

KarstadtQuelle AG of Germany is considering consolidation with acquisitions or mergers in the next couple of years. Management restructuring and real estate divestments have increased revenues.

Management dynamics, Management, Company business management, Middelhoff, Thomas

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