Credit Soapbox

The coffee and retail group Tchibo expects this and the coming year with a significant profit slump. The competition from discounters will always harder.
Hamburg - had decided "in the brand Tchibo to invest," said CEO Dieter Ammer the Financial Times Deutschland. "This investment phase, of course, has an impact on sales and earnings. But even if these are significant, which means in the lower double digits, we must make the investment."
DDP
Tchibo coffee: Proposed removal of remaining stock puts pressure on profit As a period called Bunting two years. The advantage of the Group of family owned it. "We can do this because we have not quoted," Bunting said.
The group last year had an operating profit of just under 870 million euros, as it was called. The investment in the brand among others, were necessary because competition from the discounters always harder. "The discounters are becoming increasingly aggressive and copy us ever faster," Bunting said the "FTD".
In additionpress the planned dismantling of strong residual item on the profit. Even a scrap of so-called closed Restanten Bunting not enough. Bunting will parallel with the new products to become more surprise effects. Tim / dpa-AFX