BERLIN — Portfolio changes, currency effects and a soft Christmas business negatively impacted Metro Group's first-quarter sales.
In preliminary figures released today, the German cash & carry, department store, hypermarket and electronics retail group reported a group sales decline of 3.3 percent to 18.7 billion euros, or $25.45 billion, for the three months ended Dec. 31.
Dollar figures are converted from the euro at an average exchange rate for the period to which they refer.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"