KarstadtQuelle, Germany's biggest department store operator, reported a third-quarter profit, helped by cost cuts and asset sales.
The dispute also hit the shares of Hong Kong-listed Japanese retailers on Monday, with the department store operator Aeon Stores (Hong Kong) falling to a seven-month low.
Saks, the department store operator, said it expected sales to grow faster this year, while TJX Companies, a lower-price retailer, was more reserved in its predictions.
Dillard's, the department store operator, said Friday that its profit rose 57 percent in the first quarter, helped by fewer markdowns and reduced expenses.
Even more unusual was its mention of the the failed department store operator, the Sogo Company, which declared bankruptcy under the weight of loans exceeding $17 billion.
Germany's largest department store operator, KarstadtQuelle, said yesterday that it planned to double mail-order sales in Eastern Europe in the next five years.
ELDER-BEERMAN STORES CORP., Dayton, Ohio, a department store operator, hired Wasserstein Perella & Co., an investment banking firm, to explore alternatives, which could include the sale of the company.
The luxury department store operator Harvey Nichols Group, known for its flagship outlet in London's Knightsbridge district, said falling tourist numbers and transportation disruptions were hurting sales.
In the last six months, Mr. Hunter has submitted unsolicited bids for another British department store operator, House of Fraser, and the retailer Allders, and has been rebuffed by both.
Europe's largest department store operator, KarstadtQuelle, plans to raise 1.6 billion euros ($1.97 billion) by selling shares and assets, including almost half of its department stores, as sales fell for the third consecutive year.
HONG KONG – A group led by the private equity firm CVC Capital Partners began marketing the sale of a 40 percent stake in Indonesia's largest department store operator on Monday, a move that could raise up to 13.13 trillion rupiah ($1.36 billion).
