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November 30, 2015 7:57 AM ET

Multiline Retail

Company Overview of Karstadt Warenhaus GmbH

Company Overview

Karstadt Warenhaus GmbH operates a chain of department and sports stores. Its product line includes textiles, leather, electronic goods, and home furnishings. The company was founded in 1881 and is based in Essen, Germany. Karstadt Warenhaus GmbH operates as a subsidiary of SIGNA Holding GmbH.

Theodor-Althoff-Str. 2

Essen,  45133


Founded in 1881


49 201 727 1


49 201 727 5216

Key Executives for Karstadt Warenhaus GmbH

Managing Director
Member of the Management Board
Age: 62
Compensation as of Fiscal Year 2015.

Karstadt Warenhaus GmbH Key Developments

Karstad Provides Earnings Guidance for the Fiscal Year 2015/16

Karstad provided earnings guidance for the fiscal year 2015/16. For the year, the company announced that it plans no further store closures. Hard restructuring measures implemented to date are showing the first effects. The group expects a significant improvement in terms of operating results this year with EBITDA at a null level. Net result will be negative in a medium double-digit range. The company expects to turn to profit in the following fiscal year 2015/16.

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