×
1 222
Fashion Jobs
ALEXANDER MCQUEEN
Collection Coordinator Assistant
Permanent · LONDON
ESTÉE LAUDER
Clinique - Consultant - Boots, Oxford - 24 Hours - Part Time, Permanent
Permanent · Oxford
ESTÉE LAUDER
Clinique - Consultant - Boots, Sedley Place London - 37.5 Hours - Full Time, Permanent
Permanent · London
PAUL SMITH
Office Administrator
Permanent · NOTTINGHAM
FRASERS GROUP
Trainee Commercial Manager
Permanent · SHIREBROOK
FOREO
Key Account Manager
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis Edinburgh - 26 Hours - Part Time, Permanent
Permanent · Edinburgh
BEARA BEARA
Marketing Executive (Taiwanese)
Permanent · LONDON
BRANDLAB 360 - HULA
Hula by Barbara Hulanicki – Wholesale Sales Manager
Permanent · LONDON
HOMEGOODS
Loss Prevention Detective
Permanent · Countryside
TK MAXX
10933-Loss Prevention Officer Sth Ruislip
Permanent · Ruislip
TK MAXX
10933-Loss Prevention Officer Haringey
Permanent · London
ESTÉE LAUDER
Aveda Haircare Category & Marketing Planning Manager
Permanent · London
ESTÉE LAUDER
Mac - Area Sales And Education Manager - London - Maternity Cover
Permanent · London
RALPH LAUREN
Operations Manager - Gretna
Permanent · Gretna
LUXURY RECRUIT
Head of Digital - Luxury
Permanent · LONDON
LUXURY RECRUIT
Brand Director - Luxury
Permanent · LONDON
LEVI'S
Mobile App Trading & Operations Manager
Permanent · London
BLACK PR
Sales Account Manager
Permanent · LONDON BOROUGH OF HACKNEY
ESTÉE LAUDER
Clinique - Consultant - Boots, Inverness - 18 Hours - Part Time, Permanent
Permanent · Inverness
RELY RECRUITMENT
Head of Finance / Finance Manager
Permanent · LONDON
LEVI'S
Performance Marketing Manager
Permanent · London
By
Reuters
Published
Oct 19, 2015
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Metro starts Christmas quarter with upbeat outlook

By
Reuters
Published
Oct 19, 2015

German retailer Metro AG said it was optimistic for the Christmas trading period after like-for-like sales rose 1.3 percent in the final quarter of its fiscal year, powered by strong growth at its consumer electronics business.

Metro said on Monday that sales fell 1.1 percent to 14.2 billion euros ($16.1 billion) in the July-September quarter, hurt by currency effects and disposals.


On a like-for-like basis, sales grew at its core wholesale and consumer electronics units, by 1.1 percent and 2.9 percent respectively, Metro said in a statement.

Metro said that marked a fifth consecutive quarter of growth for Media-Saturn, Europe's largest consumer electronics chain, with all regions contributing, particularly Spain, Italy, the Netherlands, Sweden, Hungary and Turkey.

Metro, which reports full results for the 2014/15 year on Dec. 15, confirmed its guidance for earnings before interest and taxation (EBIT) before special items to be "slightly" above the 1.531 billion euros achieved in the previous year.

Emerging from years of restructuring and disposals of non-core businesses, Europe's fourth-biggest retailer said expansion in ecommerce and delivery was helping its market position, and it had begun the current quarter with an optimistic outlook.

Metro confirmed the net cash inflow from its recent sale of the Kaufhof department store chain was 1.75 billion euros, above its original forecast for 1.6 billion, which Chief Executive Olaf Koch said would help the company make further acquisitions.

In August, Metro AG bought Singapore-based restaurant supplier Classic Fine Foods Group from private equity group EQT for $290 million to help it expand in the food delivery business in Asia and Europe.
 

© Thomson Reuters 2022 All rights reserved.