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German retailer Metro’s sales and profits fell during the second-quarter.The world’s fourth largest retailer saw revenue declined by almost four percent to 15.3 billion euros. Chief executive Eckhard Cordes said: “In Western Europe we see possible signs of stabilisation” but added it would not be prudent to talk about “green shoots” and sales will likely fall further in the coming months.
Copyright © 2009 euronews
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