DUESSELDORF, Germany Dec 8 The head of German
department store chain Kaufhof, owned by Canada's Hudson's Bay
, says the "Black Friday" discount day went well and the
Christmas season has got off to a good start.
"Christmas trading has started very well," Kaufhof boss
Olivier Van den Bossche told journalists, adding that the Black
Friday sale was a success. "We are very satisfied."
Hudson's Bay, which also operates U.S. department store Saks
and the upmarket Lord & Taylor department store chain, bought
Germany's leading department store from Metro for 2.8
billion euros ($3.01 billion) last year.
Germany's HDE retail association expects sales over the
crucial Christmas period to rise 3.9 percent this year to reach
more than 90 billion euros for the first time, the group said
($1 = 0.9289 euros)
(Reporting by Matthias Inverardi; Writing by Emma Thomasson;
Editing by Maria Sheahan)