Metro suffers from poor Christmas sales

Metro, the big German retailer and cash & carry trader, reports projected sales of €18.7 billion for the first quarter of 2013-14 ended on Dec. 31. The owner of Kaufhof, the big department store chain in Germany and Belgium, suffered from poor sales during the holiday season, the relatively strong euro currency and various divestments. As reported, Metro sold its business in Russia and Romania under the flag of the Real food chain. In euros, total sales declined by 3.3 percent. In constant currencies and excluding the divestments, Metro booked a slight sales increase by 1.1 percent.

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