All Metro Group articles – Page 2

  • News

    Metro profit rises 10.6% to #7bn


    Grocery retailer Metro recorded a 10.6% increase in net earnings for the year ended September 25, on sales up 1.3% to CAD11.34bn (£7bn). Net earnings reached CAD392m (£241m) versus CAD354.4m (£218m) last year. During the fourth quarter earnings climbed to CAD93.4m (£57.5m) from CAD84.4m (£52m) a year ago, on ...

  • News

    Media-Saturn to open first store in China


    Metro Group-owned consumer electronics retailer Media-Saturn will open its first store in China, in Shanghai, on November 17 this year. The store will have a sales area of 145,320 sq ft. Media-Saturn chief executive Roland Weise confirmed that the retailer was planning to grow its local network to 10 ...

  • News

    Metro to add smaller stores in Asia


    Metro Group-owned Metro plans to add more city centre cash and carry outlets in Asia. The centrally located stores will be smaller, with only about a third of the floor space of its suburban stores. Metro Group is expanding in Asia to become less reliant on its domestic German ...

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    A world of international retail opportunities

    October 29 2010

    Emerging markets globally have retail potential, but could any be the new China? By Tim Danaher

  • News

    Saturn opens its first store in Russia


    Metro Group-owned consumer electronics retailer Saturn has opened its first store in the country. The 5,060 sq ft store is located in Moscow’s Vegas Mall, the country’s largest shopping centre. A second Saturn store is scheduled for Voronezh in late 2010 and several other stores are being planned. Metro Group’s ...

  • Matthew Stych

    Dollar General streaks ahead with 9,000th store

    August 6, 2010

    US-based discounter Dollar General announced the opening of its 9,000th store at the end of July, pushing it further ahead of rivals as the owner of the largest number of stores in North America. Dollar General overtook 7-Eleven’s store tally in 2003 and has not looked back since.

  • News

    Metro reports H1 sales increase 2.4%


    Metro’s first-half results showed that sales rose by 2.4% to €31.2bn (£25.9bn). In local currencies, sales climbed by 0.6%. EBIT before special items increased by 16.6% to €470m (£390m). Strong sales growth was again reported by electronics superstore chains Media Markt and Saturn, further extending their market leadership. Bestselling items ...

  • News

    Metro launches cash and carry concept in Ukraine


    Metro Group has launched a new, small-sized cash and carry concept in Ukraine, called Metro Baza. The first store is located in Kremenchuk, on the rented premises of Prostor trade centre. Metro Baza has a sales area of about 21,500 sq ft and offers a narrow range of about 2,000 ...

  • News

    Metro in no rush to sell off Kaufhof


    Metro Group chief executive Eckhard Cordes has declared that he is in no rush to sell off its Kaufhof department store division. All potential bidders are thought to be financial investors, who have found themselves struggling to secure funds after an increase in fortunes in recent weeks at Kaufhof. Cordes ...

  • Matthew Stych

    Is management shake-up just the start for Metro?

    March 26, 2010

    Metro Group has announced a shake-up of its leadership and unveiled a new corporate logo ahead of its 2009 results conference. The shuffling of senior management mainly affects the trade group’s Metro Cash Carry division, and reflects a significant structural change there.

  • News

    Metro Group sales down 3.6%


    Metro Group has reported a 3.6% sales decrease to €65.5bn (£59bn) in 2009. EBIT before special items declined 8.9% to €2.02bn (£1.82bn). In Germany, group sales declined 0.6%, while overseas sales declined 5.5%adjusted for negative currency effects, international sales increased 0.7%. In Asia and Africa, sales increased 4.8%. The group ...

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    Is management shake-up just the start for Metro?


    Metro Group has announced a shake-up of its leadership and unveiled a new corporate logo ahead of its 2009 results conference.

  • News

    Metro Canada sales increase


    Metro Canada has announced that sales increased 1.7% to CAD2.65bn (£1.56bn) in the first quarter of the year. The rise was achieved despite a slight drop in basket value and tough comparatives last year, when high food price inflation and the temporary closing of several stores of a competitor ...

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    NRF: New York welcomes back the big boys of retail IT


    The IT bosses of three of the fourbiggest retailers in the world have been spotted at the National Retail Federation conference and show in New York this week; and that says something about the role technology will play in the industry’s recovery from recession.

  • Walmart

    Profitability slips for top 250 global retailers


    The largest retailers in the world have managed to increase their sales through the recession, but profitability has suffered, research from Deloitte Touche Tohmatsu has revealed.

  • News

    Metro pulls out of deal with Privileg


    Metro Group-owned consumer electronics superstore operator Media-Saturn is understood to have pulled out of a deal to acquire the Privileg household goods private label. The label - the German market leader in washing machines, tumble dryers and kitchen stoves - was bought by the Otto mail order group from Arcandor ...

  • News

    Metro Cash & Carry unveils new portfolio of private-label brands


    Metro Cash Carry has unveiled a new portfolio of private-label brands that it intends to roll out to all the countries in which it operates. The six private labels include Aro, which comprises 700 food and non-food products and Fine Food, with 700 SKUs aimed at independent food ...

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    Canadian grocers seek to dodge Walmart bullet


    As Walmart ploughs ahead with aggressive Supercenter expansion across Canada, the local players have begun to accept that aiming for price leadership is not worth the battle.

  • Metro

    Carrefour backs home front while Metro plays away

    November 6, 2009

    Recent events have thrown the contrast in strategic priorities between the world’s second- and third-largest retailers, Carrefour and Metro Group, into stark relief.

  • News

    Metro Group to expand to Asia


    Metro Group is set to begin a massive expansion in Asia, according to Metro Cash Carry International chief executive Frans Mueller. The company is planning to start with 20 hypermarkets in Tokyo. Metro is also looking at other Asian countries, especially China, as well as Eastern Europe - ...