Slumping consumer spending bites Metro
China Daily | Updated: 2009-05-06 08:12
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A customer loads his car with purchases at a Metro AG store in Neuss, Germany. Bloomberg News |
Metro AG, Germany's largest retailer, reported a wider first-quarter loss as slumping consumer spending and weakening eastern European currencies hurt sales. The shares fell as much as 6.9 percent in Frankfurt trading.
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