German department store operator Metro AG, the world's 4th largest retailer, dives 11% in...

|By:, SA News Editor

German department store operator Metro AG, the world's 4th largest retailer, dives 11% in Frankfurt as its cuts its 2011 earnings forecast. "Originally we had expected that, based on the weak prior-year basis, this year's Christmas business would grow. However the start to Christmas business has so far distinctly lagged behind the prior year level," says the CEO. (PR)