The company registered a double-digit value sales decline in 2016 and this was mainly due to the closure of one more Parkson departmentstore outlet in Hanoi, which brought an end to the presence of Parkson in its most important territory in Vietnam.
In addition to its outlets in Singapore and Shanghai, China, the company also opened a departmentstore in Ho Chi Minh in Vietnam in 2016 and it is planning to open another store in Bangkok, Thailand, in 2017.
KADEWE BERLIN-BETRIEBSSTÄTTE DER KARSTADT PREMIUM GMBH: OPERATIONAL INDICATORS
KADEWE BERLIN-BETRIEBSSTÄTTE DER KARSTADT PREMIUM GMBH
The KaDeWe departmentstore is owned and operated by the company Kadewe Berlin-Betriebsstätte Der Karstadt Premium GmbH and KaDeWe is an abbreviation for Kaufhaus des Westens, which translates into English as DepartmentStore of the West.