Thalia sales up 2% despite high street footfall decline

Thalia sales up 2% despite high street footfall decline

German bookstore chain Thalia reported preliminary figures in line with expectation for fiscal 2017. In a difficult retail environment with fewer customers frequenting the high street, Germany’s largest book chain saw sales grow 2% in the 12 months to end-September. This was thanks to online growth in the upper single-digit range, whereas brick-and-mortar stores were down 2% in line with the market average.

While business was modestly up in the German core market as well as in Austria, the joint venture Orell Füssli Thalia delivered another set of disappointing figures in Switzerland for t...

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