Metro opens web shop on Alibaba

German Metro will open a store on the online Tmall platform, which is part of Alibaba. It hopes to sell its products online to the Chinese customer this way, in addition to its 80 offline stores in China.

  • Published in m-Tail

Media-Saturn opens 1,000th European store

The Media-Saturn group, with both Media Markt and Saturn stores, has now opened its 1,000th European store. Upon reaching the milestone, the group informed everyone it would be focused on a fully omnichannel future.

Metro considers Kaufhof sale

German retail concern Metro Group has confirmed its intentions to sell its department store branch Kaufhof, including the Belgian Inno branch. It is in talks with several parties, but no official bid has been tabled.

  • Published in General

Metro speeds up expansion plans

After several years of cost-cutting measures, German retail group Metro announced it will invest considerably over the next few years in order to speed up growth. Acquisitions are part of those investments, which will rise to 2 billion euro per year, according to CEO Olaf Koch.

Slight profit increase for Metro Group

German Metro Group has managed a 1.2 % increase of its net profit in the first quarter of its new financial year to 445 million euro, despite a 2.2 % turnover drop to 18.3 billion euro.

  • Published in General
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