BERLIN/DUESSELDORF, May 8 (Reuters) – German retailer Metro
AG reported a strong rise in April sales in its
cash-and-carry business on Thursday, underlying its confidence
in its profit target despite a poor performance from its
consumer electronics business.
Europe’s No. 4 retailer, a sprawling group which also
includes hypermarkets and department stores, has been trimming
its portfolio and cutting costs to respond to sluggish demand in
its core markets of Germany and western Europe, while expanding
in emerging markets.