The home accessories chain Depot, which is in financial trouble, is taking turnover to a higher level: in the 26 (of a total of 49) branches that are loss-making and where the ‘sale’ is taking place, the discount level for various product groups is now being increased from ten to twenty per cent.
The well-known home decoration chain Depot has, as reported, entered financial turbulence: 26 of its 49 locations in Austria are making a loss and are under supervision. The branches in question have been selling at minus ten percent for two weeks now. Now boss Rainer Schrems has doubled the discount on various product groups to 20 percent. We list which product ranges are currently cheaper and at which locations sales take place.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
