European Retail Correspondent, Zurich
Emma's Feed
Oct 20, 2014

Metro eyes better Christmas as consumer electronics turns corner

BERLIN, Oct 20 (Reuters) – German retailer Metro AG
said on Monday it was “optimistic” ahead of the
crucial Christmas period, after posting improved sales at its
struggling consumer electronics unit for the first time in over
two years.

Group sales rose a like-for-like 0.7 percent to 15.1 billion
euros ($19.3 billion) in the final quarter of its 2013/14 fiscal
year, due to gains across its business – from cash-and-carry
stores to Real hypermarkets and Kaufhof department stores. That
was at the bottom end of forecasts, but the first rise across
all units in almost four years.

Oct 20, 2014

Metro eyes better Christmas as consumer electronics turns corner

BERLIN, Oct 20 (Reuters) – German retailer Metro AG
said on Monday it was “optimistic” ahead of the
crucial Christmas period, after posting improved sales at its
struggling consumer electronics unit for the first time in over
two years.

Group sales rose a like-for-like 0.7 percent to 15.1 billion
euros ($19.3 billion) in the final quarter of its 2013/14 fiscal
year, due to gains across its business – from cash-and-carry
stores to Real hypermarkets and Kaufhof department stores. That
was at the bottom end of forecasts, but the first rise across
all units in almost four years.

Oct 20, 2014
Oct 20, 2014
Oct 16, 2014
Oct 16, 2014
Oct 15, 2014
Oct 15, 2014

Analysis: Department stores fight back from online challenge

PARIS (Reuters) – Department stores are starting to enjoy a renaissance after finding ways to attract a new generation of consumers in an age of global fashion chains and online shopping.

Retail consultancy Verdict predicts the global sector should return to growth in 2014 and expand by 22 percent to about $450 billion by 2019. The recovery will be driven by expansion in emerging markets, with China set to account for 30 percent of total spend five years from now.

Oct 15, 2014

Department stores fight back from online challenge

PARIS, Oct 15 (Reuters) – Department stores are starting to
enjoy a renaissance after finding ways to attract a new
generation of consumers in an age of global fashion chains and
online shopping.

Retail consultancy Verdict predicts the global sector should
return to growth in 2014 and expand by 22 percent to about $450
billion by 2019. The recovery will be driven by expansion in
emerging markets, with China set to account for 30 percent of
total spend five years from now.

Oct 15, 2014