Germany's Otto Group says domestic holiday sales held up

01/10/2010 | Reuters

Germany's Otto Group, the world's second-biggest e-commerce company behind Amazon.com, posted annual sales of €10 billion. The company said sales over the holiday season were strong domestically, although its international operations suffered because of the economic downturn. "Holiday season sales went very well in Germany despite the difficult economic environment," according to a company spokesman.

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