German retailer Tengelmann, which owns the supermarket chain Kaiser, has booked an increase in full-year sales.
In the 12-month period, net sales climbed 2.4% to EUR10.28bn (US$12.6bn), the company said this week.
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The company, which also owns discount clothing chain Kik and DIY retailer OBI, said sales from its Kaiser business remained flat at EUR2.16bn.
The company said sales from Kaiser were affected by a programme to remodel its outlets to the ‘Black, Red and Gold’ concept.
Tengelmann does not provide profit figures.
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