Metro Group

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GERMANY: Metro profits nearly double

21 Mar 2007

German retailer Metro said today (21 March) that its profit nearly doubled in the latest fiscal year, boosted by the purchase of Wal-Mart’s German stores and strong international sales growth.

US: A&P sells Metro stake

14 Mar 2007

The Great Atlantic & Pacific Tea Company has sold 6.35m shares in Metro, generating proceeds of approximately US$203.5m. The cash, A&P said, will be used to fund its recently announced acquisition of Pathmark Stores.

Food buying patterns change as Russian retail market booms

1 Mar 2007

Rising disposable incomes and growing consumerism is changing the way Russians buy their food and, according to a recent report from the Polish market research and consultancy group PMR, this is leading to a larger market share and huge opportunities for supermarket operators. Ben Cooper reports.

CANADA: Metro ready for Wal-Mart – report

24 Jan 2007

According to reports in Canada, grocery chain Metro is talking down competition from Wal-Mart Stores.

GERMANY: Metro benefits from international growth

15 Jan 2007

Metro Group has increased sales by 7.5% to around EUR60bn (US$77.6bn), or 6.6% pre-acquisitions, during the 2006 financial year.

Indian retail market set for growth as Wal-Mart makes move

2 Jan 2007

Wal-Mart’s arrival in India underlines the interest being generated by the country’s emerging retail sector. But the US giant is not the only foreign company looking to capitalise on India's burgeoning retail market, while local companies also see retail as a prime investment opportunity. Bhavna Rathore reports.

GERMANY: Metro targets Indian retail market

18 Dec 2006

Metro Group subsidiary Metro Cash & Carry has told just-food it will continue to invest in its Indian business through new store openings.

Metro reaps dividends from early entry in Vietnam – INTERVIEW

14 Dec 2006

Vietnam, one of Asia’s fastest growing markets, has been dubbed ‘little India’ and ranked the world’s third most attractive market for international retailers this year. But this makes business in the WTO’s newest member sound all too easy, Uwe Hoelzer, managing director of Metro Cash & Carry Vietnam, tells Dominique Patton in an exclusive interview.

GERMANY/VIETNAM: Metro opens procurement unit in Ho Chi Minh City

13 Dec 2006

Germany’s Metro group will step up its food supplies from Vietnam after opening an office for its procurement unit in Ho Chi Minh City.

CANADA: Metro warehouse workers end strike

12 Dec 2006

Canadian store operator Metro has reached a long-term agreement with the 315 employees of its Montreal grocery warehouse who went on strike on 24 November.

VIETNAM: Lotte to enter Vietnamese market

13 Nov 2006

Lotte Shopping, a division of the South Korean food conglomerate, has won regulatory approval to open up to 20 discount stores in Vietnam, Asia’s up-and-coming retail market.

GERMANY: Metro’s Wal-Mart acquisition approved

27 Oct 2006

The Metro Group’s plan to acquire the German assets of Wal-Mart has received regulatory approval, meaning that the deal can now be finalised.

UK: Indian investment summit spotlights retail FDI regs

10 Oct 2006

The relationship between UK and Indian businesses has been put in the spotlight with the first prime ministerial Indian investment summit being held in London yesterday (9 October). The meeting of government, business and partner organisations has spurred renewed speculation on when India’s retail sector will be opened to foreign investment.

MALAYSIA: Wal-Mart quiet on rumoured Makro bid

22 Sep 2006

Wal-Mart has remained quiet on rumours that it is one of the frontrunners in the race to acquire cash and carry chain Makro’s Malaysian stores. Were the deal to go through it would mark the entry of the world’s largest retailer into the Malaysian market.

EU: Tesco loses Metro trademark case

13 Sep 2006

The EU’s appeal court has ruled that Germany’s Metro group can register its name as a trademark in Europe, overturning Tesco’s sole claim to the name.

RUSSIA: Cherkizovo forecasts first half growth

25 Aug 2006

The Russian meat producer Cherkizovo Group plc has issued an upbeat trading statement for the first half of the year.

GERMANY/RUSSIA: Metro plans new stores for Russia

24 Aug 2006

The German retail combine Metro Group is planning to open 15 new stores in Russia in the 2006 fiscal year, and is planning further ambitious expansion in the country over the next five years.

US: Wal-Mart reports first profit dip in ten-years

16 Aug 2006

Wal-Mart yesterday (15 August) reported its first decline in profit for a decade, with earnings hit by the sale of its German unit, high energy prices that put pressure on US sales and increased costs in the retailer’s home market.

POLAND: Casino sells Polish operations

9 Aug 2006

French retailer Groupe Casino has sold its Polish property portfolio, comprising 16 hypermarkets, to GE Real Estate Central Europe for EUR555m (US$714m), in a sale and leaseback deal.

RFID revolution only just beginning

3 Aug 2006

Radio frequency identification, or RFID, has come a long way very quickly with Wal-Mart and Tesco among the retailers embracing the new technology. Joe Ayling looks at how RFID tracking is revolutionising supply chain management in food retailing, but also heaping extra costs on suppliers.

GERMANY: Q2 sales and earnings rise at Metro

1 Aug 2006

German retail group Metro Group has posted rises in both sales and earnings for the second quarter. Group sales in the second quarter rose by 7.9% to €14.0bn (US$17.9bn), while international sales rose by 13.1%.

GERMANY: Metro acquires 85 stores from Wal-Mart

28 Jul 2006

Metro AG has reached a deal with Wal-Mart to acquire 85 German hypermarkets from the world’s largest retailer. The business employs more that 11,000 people and generated sales of EUR2bn in 2005. Terms of the deal were not disclosed.

POLAND: Casino sells stores to Tesco and Metro

17 Jul 2006

French retail group Casino has disposed of its main assets in Poland for a total of GBP884m, selling 19 Géant hypermarkets to German-based Metro AG and 140 Leader Price convenience stores to the UK’s Tesco.

Food retailers tighten grip on market

15 May 2006

A league table of the world’s top 250 retailers by turnover published recently by the US National Retail Federation reveals the continued and mounting domination of the global retail market by large food-based groups, led by the undisputed heavyweight champion Wal-Mart. Joe Ayling reports.

McDonald's super sizes in India

28 Apr 2006

McDonald's is planning to expand its operations in India through a franchisee network. The company plans to invest INR4.0bn (US$89m) to set up more outlets across the country in the next three years. Bhavna Rathore reports.

JAPAN: Aeon ventures into new retail format

27 Apr 2006

Aeon will open a new type supermarket called "My Basket" in metropolitan residential areas throughout Japan this year. My Basket, which will takes up small retail units similar in size to Tesco’s metro stores, targets the old and the 'returned-to-central town' population.

Tesco banks on international expansion – ANALYSIS

26 Apr 2006

Tesco may have just turned in a bumper £2.2bn profit, but international expansion will be key to sustaining success in the decades ahead, writes Andrew Don.

Get ready for Retail Ready Packaging

5 Apr 2006

Some manufacturers are dreading it, but Retail Ready Packaging (RRP) is on its way. How does it work, who will pay for it, and who stands to benefit most? Hugh Westbrook reports as an industry braces itself for a subtle yet major change to international supermarket shelves.

PHILIPPINES: Metro Pacific eyes Del Monte Pacific

3 Apr 2006

Citing an official from Metro Pacific Corporation, the Philippine Star has reported that the Philippine unit of Hong Kong’s First Pacific Company is looking to US Del Monte Foods Company in order to break into the lucrative consumer products business.

CHINA: Auchan expands procurement plans

23 Mar 2006

Auchan has said that it will step up the pace of procurement in China and strengthen its cooperation with suppliers in north China.

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