Sales and Profits Slide at RH (and Bertelsmann) Bertelsmann reported sales for the first half of their fiscal year of 8.96 billion euros, down 180 million euros from a year ago, and they swung to a net loss of 51 million euros, against a net profit of 258 million euros a year ago. The company says it was “considerably impacted by the Napster settlement agreements and other special items.” Sales at Random House were 832 million euros ($1.130 billion), down from 859 million euros a year ago, with operating EBIT (the company’s current preferred measure of profitability) of 44 million […]
