Metro Group reaches own turnover forecast | RetailDetail

Metro Group reaches own turnover forecast

Metro Group reaches own turnover forecast

German Metro Group has managed to reach its 2013/2014 forecast, reaching a marginal like-for-like turnover growth of 0.1%.

63 billion euro turnover

Even that small growth is a significant improvement compared to the - 1.3 % from last year. Total revenue grew 1.3 % to 63 billion euro, comparable with its forecast. Metro's like-for-like turnover grew 0.7 % (to 15.1 billion euro) in its fourth quarter.

 

Metro Cash & Carry's like-for-like turnover grew for the fifth quarter in a row, mostly thanks to its 50-year anniversary festivities. The division's turnover reached 30.5 billion euro in 2013/2014.

 

Media-Saturn's like-for-like turnover grew 1.8 % to 21 billion euro with particularly Eastern European growth. Its main growth markets were Russia and Hungary, while multichannel investments also paid off.

 

Store chain Real took a huge hit after it had sold the Eastern European branch. Turnover dropped 18.7 % to 8.4 billion euro. Galeria Kaufhof managed to keep things pretty much level at 3.1 billion euro.

 

By the end of September 2014, Metro Group had 2,200 stores, 21 fewer than the year before. It had opened 68 new stores, but closed down 89 as well.

Questions or comments? Please feel free to contact the editors


Are Chinese prisoners working for H&M and C&A?

20/02/2018

British former journalist Peter Humphrey has accused C&A and H&M of using forced labour. He claims to have seen how Shanghai prisoners were forced to work for Western chains, something the retailers will now investigate.

Chanel acquires stake in online retailer Farfetch

19/02/2018

French fashion label Chanel obtained a minority stake in British Farfetch. It wants to use the online retailer’s expertise to create more digital innovations for its own customers.

Monoprix wants to acquire web shop Sarenza

19/02/2018

Store chain Monoprix, part of French Groupe Casino, entered negotiations to acquire online shoe seller Sarenza, one of France’s prime online brands.

Zalando expands collaboration with German retailers

16/02/2018

Zalando has further expanded its collaboration with physical retailers in Germany. Shoe stores were already able to ship through Zalando and now clothes stores can too.

Kiabi opens largest Belgian store in Westland Shopping Center

15/02/2018

French clothing chain Kiabi will open its fifth Belgian store in the Westland Shopping Center in Anderlecht. This will become its largest Belgian store to date, spread across 1,800 sqm.

H&M warns for difficult 2018

15/02/2018

Swedish fashion group H&M warns that 2018 could be yet another difficult year for the company. It is working to improve online sales, but store turnover will most likely continue to drop.

Back to top