KarstadtQuelle MO Unit Posts $42.5 Million Loss in 2006
The mail order unit of KarstadtQuelle AG, the German retailing giant, posted a loss of 31.9 million euros ($42.5 million) last year after net income of 4 million euros ($5.3 million) in 2005, which excluded discontinued operations as well as the Neckermann brand, according to wire service reports.