Globus sees drop in net profits
Globus has posted net profits for 2001 of SFr40.4 million ($24.8 million)- down from SFr44.3 million the previous year.
The company said an increase in taxes and a jump in operating costs had contributed to the weaker results.
The retail chain, which is part of the Migros group, has been restructuring its network since last summer – relaunching nine of its ABM subsidiaries under the Oviese banner.
The restructuring pushed operating costs up 29.5 per cent to SFr78.9 million. Plans are also in the pipeline to open 19 more stores this year.
swissinfo with agencies
More
Flat-hunting in Switzerland’s cheapest and most expensive municipalities
More
Is Switzerland repeating England’s housing mistakes?
More
The Russia affair in the Swiss secret service: ‘This is espionage’
More
What a love of cat ladders says about the Swiss
More
Switzerland regains crown as world’s most competitive nation
In compliance with the JTI standards
More: SWI swissinfo.ch certified by the Journalism Trust Initiative
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.