March 22, 2011
By HILDE MESSER
More on Japan today: global retail powerhouse Metro AG cautions that the devastation in Japan may weaken the economy. Analysts are still waiting to see what the effects will be, but they know the situation is beyond anyone's control. The current turmoil in the Middle East just makes thing worse. Metro has benefited from strong global positioning. Last year they entered new countries and opened up 100 stores. More than 60% of their sales come from abroad. Not the direct effects, but the indirect effects of these current events may pose problems for Metro.
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