Germany's leading retailer Metro could consider the sale of its Kaufhof department stores. Chairman Eckhard Cordes said on Tuesday at the presentation of the company's annual results that 'Galeria Kaufhof is a successful company, but it is not a strategic part of Metro Group'. The company added they will consider any options for the properties. 'Against this background, we are in a comfortable position to examine all our alternatives without any time pressure', Cordes said. The Kaufhof department stores consist of 1.5 million m[sup]2[/sup] across 141 locations, mostly in city centers.

Germany's leading retailer Metro could consider the sale of its Kaufhof department stores. Chairman Eckhard Cordes said on Tuesday at the presentation of the company's annual results that 'Galeria Kaufhof is a successful company, but it is not a strategic part of Metro Group'. The company added they will consider any options for the properties. 'Against this background, we are in a comfortable position to examine all our alternatives without any time pressure', Cordes said. The Kaufhof department stores consist of 1.5 million m2 across 141 locations, mostly in city centers.