Electronics retailer Ceconomy gives downbeat forecast for 2018/19
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BERLIN (Reuters) - Ceconomy , Europe's biggest consumer electronics retailer, said it expects profits to fall again in the 2018/19 financial year as it tries to streamline its operations and find new top management in a challenging retail environment.Ceconomy, which runs more than 1,000 Media Markt and Saturn stores in countries across Europe, expects operating profit to decline slightly in 2018/19, while sales adjusted for currency and portfolio changes should rise slightly.The company, which..