Otto bets on growth of Web and US subsidiary

Article Abstract:

Otto Versand expects Web sales to represent 20% of sales in 2010 and to top 1 billion Deutschmarks in 2000. Corporate sales in FY1999-2000 topped DM40 billion due primarrily to Chicago-based Spiegel Group's contribution, which boosted revenues 10% to $3.4 billion. For the first time, more than half of the world's largest mail order house's sales came from outside Germany with a robust North American market making a major contribution to the growth of non-German sales.

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Otto celebrates 50th year with 10-percent sales gain

Article Abstract:

Otto Versand, the world's biggest mail-order company, said preliminary results indicated a more than 10% increase in sales to DM32.9 billion (about $18 billion) in fiscal year 1998. The German company said nearly half the sales were from foreign operations. Foreign revenues grew 13.5% in 1998, compared with a 9.5% increase for domestic sales. The company operates in 19 countries, including China and Taiwan.

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Otto sales outside Germany top 50 percent for first time

Article Abstract:

Otto Versand Gesellschaft mit beschraenkter Haftung und Co' sales outside Germany made up more than 50% of its total sales for 1999, which is the first time for the world's largest mail-order house since it was established 50 years ago. Preliminary figures for 1999 that was released in spring of 2000 showed the company's total sales rose by almost 23% to 40 billion Deutschmarks.

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