date:May 16, 2013
In an effort to channel funds into its struggling German home market, Metro Group is reportedly considering an exit from Egypt, Bulgaria, Kazakhstan and Japan, according to local reports.
Sales in the retailer's home market of Germany grew by 1 per cent to reach 6.1 billion in the first quarter of 2013, while international sales dropped by 2.2 per cent to 9.4 billion. Further changes to the Group's approach will see the non-food product assortment streamlined as well as modifications to Metro G