Metro Plans Online Shops for Saturn, Media Markt, Welt Reports

    Metro Plans Online Shops for Saturn, Media Markt, Welt Reports

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    (MEO)’s Saturn store chain plans to start online sales in Germany in the fourth quarter, Die Welt reported, citing Chief Executive Officer, Eckhard Cordes.

    The Media Markt unit will begin selling online in the first half of 2012, Cordes also told the newspaper.

    Internet sales may contribute 30 per cent of overall revenue in "saturated markets" like Germany in the medium term, the executive was cited as saying.

    Source – Bloomberg