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General

Ceconomy sales start to recover as shops reopen

Thursday 16 July 2020 | 15:42 CET | News
Ceconomy, the owner of retailers Media Markt and Saturn, said that based on preliminary results, reported sales declined by 10 percent year-on-year in its fiscal Q3 to EUR 4.10 billion due to store closures in April because of the coronavirus pandemic. With the gradual reopening of stores, the business returned to growth in May, and a further acceleration was recorded in June. 

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Categories: General
Companies: Ceconomy
Countries: Europe / Germany
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