BERLIN Oct 19 German retailer Metro
saw a fall in fiscal fourth-quarter sales at its Media-Saturn
consumer electronics unit due to a decline at online site
Redcoon and a reversal after the European soccer championship
had boosted sales of televisions.
Metro reported group sales dipped 0.5 percent to 14.2
billion euros ($15.59 billion), at the low end of analyst
forecasts which averaged 14.29 billion.
It said like-for-like sales rose 0.1 percent, supported by
increases at its cash and carry and Real hypermarkets
businesses, which it plans to separate from its consumer
electronics chain and list next year.
However, like-for-like sales fell 2 percent at Media-Saturn,
as turnover sagged after the European soccer championship and
due to a decision to end the unprofitable wholesale business of
its online site Redcoon.
(Reporting by Emma Thomasson; Editing by Tina Bellon)