Slowdown in Germany

05.01.2009
The like-for-like sales deficit recorded by the German DIY retailers in 2008 could well amount to around 4 per cent

According to computer forecasts from BBE Retail Experts, the German DIY stores over 1 000 m² in size had to deal with a sales deficit to the tune of around 1.2 per cent for the year 2008. Sales value also saw a corresponding reduction of around € 220 mio to € 17.42 bn over the same period. A sales fall-off of 4 per cent altogether is being assumed for the year 2008 after adjustment.
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