Metro Group’s sales rose 19.4% in local currency terms and by 20.0% in total, reaching €7.6 bn. The company reported its revenue in the Q1 2021/22 period exceeded its pre-pandemic levels ‘ despite ongoing restrictions ’. Metro, though, noted the challenges it faced during Q1 2020/21, when total sales contracted by 16% due to Covid restrictions in many of its key markets. Growth was driven by a...

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...