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German Retailers Have ‘Dream Start’ to Holiday Season, HDE Says

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Nov. 29 (Bloomberg) -- German retail sales were higher than expected at the weekend as customers bought Christmas presents earlier than last year, an industry group said.

Retailers had a “dream start” to the season’s business and are forecasting a further sales increase in the weeks leading up to Christmas, the German Retail Federation, or HDE, said in a statement on its website today.

Germans will spend 76.9 billion euros ($102 billion) in November and December, 2.5 percent more than last year and the strongest growth since 2004, the HDE has forecast.

To contact the reporter on this story: Holger Elfes in Dusseldorf at helfes@bloomberg.net

To contact the editor responsible for this story: Celeste Perri at cperri@bloomberg.net