EUROPE'S biggest department store and mail-order chain, Germany's KarstadtQuelle, has announced a drastic restructuring, which may involve the sale or closure of 77 smaller stores and the disposal of other outlets specialising in clothing and sports equipment.

ECONOMIST: KarstadtQuelle, a giant German retailer, is in trouble

The latter never dug into the old ways but has long been willing to evolve when it comes to delivery (call and pick up later in store, mail order whether in a store or via web, and, of course, its having jumped into e-reading).

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