Metro Group has achieved sales at the upper end of the guidance range forecasted. Strong performance in the second half of the year drove this and sales for 2021/22 are forecast to grow by 3-7%. Almost €25bn in annual sales For the 2020/21 financial year, Metro Group achieved stable sales in local currency, meaning sales remained the same as the previous year. However, due to negative curre...

Carrefour plans to become net zero by 2040, while Lidl Switzerland said it had reduced its carbon footprint by 11%. Furthermore, we look at retailers adopting the environmental labelling system, Planet-Score. Finally, Metro completed phase one of its food waste prevention initiative, with over 30 suppliers committing to the project. Carrefour sets carbon neutrality target Carrefour plans to...

We bring you the latest news on Metro Group’s international activities. Metro Austria acquires Rewe’s wholesale stores The Austrian division of Metro has acquired nine wholesale stores belonging to Rewe, as well as its delivery business. Sales from the business were €125mn in 2019 and customers totalled more than 20,000. This move enables Metro to strengthen its presence in Austria and buil...