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Metro AG does not intend to sell its chain of real estate supermarkets in Germany, said Friday Olaf Koch, general manager of the German distributor
"We are now at a time when we can say: "Koch told WirtschaftsWoche magazine (WiWo) when asked how long it would take to keep the Real Metro network
." We are currently working on Real Real Estate, our real estate, to increase the potential value of the new business model, amid the rapid growth of the online market, "Metro said.
The development of a 'market concept & # 39; in a real store in Krefeld – Germany – increased the number of 30% of customers. About 30 of the 280 actual stores can be turned into "market halls" in the medium term, while other units could incorporate various aspects of this concept, says Koch
. the Verdi union has asked 34,000 Real Germany employees to sign a contract because the retailer wants to reduce its staff costs.
During its fiscal year ended September 30, 2017, Real reported a decline in sales of 3.1% and a 24% decline in operating profit
Koch also stated that Metro maintained its commitment to Russian subsidiary despite weak performance
Last year, Metro AG completed its split-up process into two companies, its hypermarket business having begun to be listed independently on the Frankfurters. and Luxemburg
Metro shareholders voted in favor of splitting the group into two entities, one including the wholesale activities of Metro Cash & Carry, which will retain the name of Metro, while the distribution of consumer electronic products under the Metro-Saturn brand, will be renamed Ceconomy.
Metro, a conglomerate with 2,000 stores in 29 countries, has engaged in an extensive restructuring process for many years, including the sale of Kaufhof stores.
The new group of specialists Metro Wholesale & Food includes wholesale stores that include independent hotels, restaurants and distributors among their customers, 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 electronics retailer 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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