Roundup: Retail gloom grips Germany

FRANKFURT, Nov. 6 (Xinhua) -- German sports retail company Signa Sports United filed for insolvency in the German city of Stuttgart late last month, becoming the latest victim in a recent wave of retail bankruptcies in the country.

The insolvent company has been running well-known online shops in Germany, such as Fahrrad.de and Tennis-Point. The application was filed by the company in the local court after its p