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"We are now at a time when we can say: the company has successfully organized its future," Koch told WirtschaftsWoche magazine (WiWo) when asked how long to keep the Metro Real network
"We are currently working on real estate development, our real estate properties, by increasing the potential value of the new business model, amidst the rapid growth of the online market," said Mr Agerpres citing Metro. The development of a "market hall" concept in a Real Store in Krefeld (Germany) has increased the number of customers by 30%. About 30 of the 280 actual stores can be turned into "markets" in the medium term, while other aspects of this concept could be integrated into other units, says Koch.
the Verdi union has asked 34,000 Real Germany employees to sign a contract because the retailer wants to reduce staff costs
During its fiscal year ended September 30, 2017, Real reported a decrease in sales of 3.1% and a 24% decline in operating profit
Koch also said Metro remains committed to the Russian subsidiary, despite the poor performance
The year last, Metro AG has completed its split process into two companies, its hypermarket business beginning to be independently listed on France Kurt and Luxemburg
Metro shareholders voted in favor of the division of the group in two entities, one including the wholesale activities of Metro Cash & Carry, which will retain the name of Metro, while the distribution of consumer electronics under the Metro-Saturn brand, will be renamed Ceconomy.
Metro, a conglomerate with 2,000 stores in 29 countries, has been engaged in an extensive restructuring process for several years, including the sale of Kaufhof stores.
The new group of specialists Metro Wholesale & Food includes wholesale stores, which include among their customers independent hotels, restaurants and distributors, and Real supermarkets in Germany. Together, the two activities generated a turnover of 37 billion euros in 35 countries in 2015/2016
On the other hand, Ceconomy is the largest retailer of electronics consumer in Europe, Dixons Carphone, with more than 1,000 stores in 15 European countries and a turnover of 22 billion euros in 2015/16
The Metro Group is one the largest and largest distribution companies in the world with 2,000 units in 29 countries and more than 220,000 employees. The Metro Cash & Carry division was officially launched in Romania in October 1996, when it opened its first store in Bucharest. Today, the network has 32 stores in 24 cities
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