Karstadt opens Aldi in store
News
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Apr 2018
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The German Karstadt department store group will open an Aldi discount food outlet in the basement of the large Hamburg store. Not only is the move intended to increase the mix of activities in the store, but might attract traffic in the whole store. In fiscal 2017, Karstadt reported a profit of €1.4m, its first positive report since 2006. This contrasts with the poor Kaufhof results announced by parent company Hudson's Bay.
