Bloomberg News

Douglas’s Thalia to Shut 15 Stores to Cut Costs, Abendblatt Says

March 15, 2012

Douglas Holding AG (DOU)’s Thalia book- selling unit plans to close about 15 of its more than 300 outlets because of competition from Amazon.com Inc. (AMZN), Hamburger Abendblatt reported, citing a letter to employees.

The plan may have consequences for personnel, the newspaper cited an unidentified spokeswoman as saying.

To contact the reporter on this story: Cornelius Rahn in Frankfurt at crahn2@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong at kwong11@bloomberg.net


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