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

Makro Netherlands loses another director

Makro's Dutch operational director, Erick Schmit, has resigned immediately. He is the fourth board member that has left the wholesaler's Dutch branch in a short space of time. Nicolas Gautheron will be his replacement.

  • Published in General

Media-Saturn on the attack against online competitors

Media-Saturn has founded a new division, Electronics Online Group, to support its intention to open a range of web shops. Its successful online shop, Redcoon (which will get a new CEO on 1 November), will be the centerpiece of that division and will also be its guiding example.

  • Published in m-Tail
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