International News - Karstadt-Quelle improves

Germany's department store group, Karstadt-Quelle, unveiled a 1.1 per cent drop in sales to EUR 3.7 billion (£2.6 billion) for the first quarter. However, the retailer cut losses for the period to EUR 35.3 million (£25.2 million) - a EUR 68.8 million (£49 million) improvement.