Metro Group’s Real hypermarket chain has announced its intention to dispose of a further six stores as part of its plan to ‘streamline’ the business.
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The German retail chain told just-food today (9 December) that it is disposing of the stores due to them “not running successfully” and being “to small” to run under the Real concept.
The company said it was its intention to hand over the stores to competitors rather than so that staff can retain their jobs.
The stores to be handed over are located in Jena, East Germany; St Pauli, Hamburg; North Munich; Aurich, North Germany; Eggenfelden, Bavaria and Schwein, North East Germany.
Real said it has not yet found a buyer for the stores and refused to comment on any financial details.
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By GlobalData“We have only just started negotiations,” the spokesperson told just-food. “But the main reason is because they are not running successfully. Our goal is to have all the stores handed over by the end of 2009.”
The retailer announced plans in May to streamline operations and dispose of around 40 outlets, which it said will be sold to competitors or closed.
Around 11 Real hypermarkets have been divested or closed to date in the last 12 months. Like-for-like sales during the first nine months grew by 4.5%.
