European Retail Correspondent, Zurich
Emma's Feed
Feb 11, 2014

Metro sees more stable forex, economies lifting profits

BERLIN/DUESSELDORF, Feb 11 (Reuters) – German retailer Metro
AG hopes more stable economic conditions and exchange
rates will help lift profits this year, after reporting a dip in
first-quarter earnings largely due to lower real-estate income
and the strong euro.

Europe’s fourth-biggest retailer said on Tuesday earnings
before interest and tax (EBIT) and before special items fell 16
percent to 1.07 billion euros ($1.5 billion) for the three
months through December, slightly shy of an average analyst
forecast for 1.08 billion.

Jan 30, 2014

Emerging markets hold no fears for big-spending H&M

STOCKHOLM (Reuters) – Hennes & Mauritz’s (HMb.ST: Quote, Profile, Research, Stock Buzz) rapid expansion will continue apace, the world’s second-biggest fashion retailer said on Thursday after reporting that heavy investment in its online offering and new brands depressed fourth-quarter profit.

H&M’s gross margin, which showed its first quarterly rise in three years in the third quarter, slipped more than expected to 60.8 percent from 61.6 percent.

Jan 30, 2014
Jan 30, 2014

H&M profit hit by investment in online, new brands

STOCKHOLM (Reuters) – Heavy investment in its online offering and new brands depressed fourth-quarter profits at Hennes & Mauritz (HMb.ST: Quote, Profile, Research, Stock Buzz) and the world’s No. 2 fashion retailer said it would keep expanding into more markets and products.

The Swedish budget fashion retailer said pre-tax profit rose 11 percent to 7.3 billion Swedish crowns ($1.13 billion), missing average analyst forecasts for 7.6 billion.

Jan 30, 2014
Jan 30, 2014

H&M says fashion can be cheap and ethical

STOCKHOLM (Reuters) – Hennes & Mauritz, the world’s second-biggest fashion retailer, believes there is no conflict between its mission to sell more budget clothes and a drive to improve the environment and working conditions at its suppliers.

“We want to make sustainable fashion more democratic,” Helena Helmersson, H&M’s head of sustainability, told Reuters.

Jan 21, 2014

Analysis: Radical Metro revamp unlikely despite Russia IPO plan

BERLIN/DUESSELDORF (Reuters) – A break-up of sprawling German retail group Metro AG (MEOG.DE: Quote, Profile, Research, Stock Buzz) looks unlikely despite speculation that the planned sale of a stake in its Russian cash-and-carry unit is the start of more radical restructuring.

Metro said on Monday its supervisory board had approved the sale of up to a quarter of its Russian cash-and-carry business in a London listing in the first half of this year.

Jan 21, 2014

Radical Metro revamp unlikely despite Russia IPO plan

BERLIN/DUESSELDORF, Jan 21 (Reuters) – A break-up of
sprawling German retail group Metro AG looks unlikely
despite speculation that the planned sale of a stake in its
Russian cash-and-carry unit is the start of more radical
restructuring.

Metro said on Monday its supervisory board had approved the
sale of up to a quarter of its Russian cash-and-carry business
in a London listing in the first half of this year.

Jan 20, 2014

Metro to list stake in Russian unit to cut debt, invest

BERLIN (Reuters) – German retailer Metro AG plans to sell up to a quarter of its Russian cash-and-carry unit in a London listing in coming months to raise funds to invest in the fast-growing business and pay down debt.

Metro (MEOG.DE: Quote, Profile, Research, Stock Buzz) said its supervisory board had given its approval last Friday for the company to prepare for an initial public offering in London in the first half of the year, which it said was subject to market conditions.

Jan 20, 2014