THINK FRESH!cbr:///cms/9701/93767/93770/93771/9823
THAT'S SHAPE 2012cbr:///cms/9701/93767/93770/93771/9820
Glossary
Content
Glossarycbi:///cms/94001
Asset Management
Acquisition, development, management and sale of real estate assets. At METRO Group, this is the responsibility of METRO Group Asset Management. cbi:///cms/104963
Acquisition, development, management and sale of real estate assets. At METRO Group, this is the responsibility of METRO Group Asset Management. cbi:///cms/104963
Compliance
All measures specifying a company's and its employees' behaviour in accordance with legislation, established social guidelines and values. cbi:///cms/104982
All measures specifying a company's and its employees' behaviour in accordance with legislation, established social guidelines and values. cbi:///cms/104982
Consumer electronics store
Large retail store specialised in consumer electronics, household goods, new media, telecommunications, computer and photo assortments. Media Markt and Saturn are the consumer electronics stores of METRO Group. cbi:///cms/104987
Large retail store specialised in consumer electronics, household goods, new media, telecommunications, computer and photo assortments. Media Markt and Saturn are the consumer electronics stores of METRO Group. cbi:///cms/104987
Degree of implementation
The degree of implementation reflects the progress of a project being implemented in the context of Shape 2012. METRO Group distinguishes between five degrees of implementation: developed, reviewed, approved, implemented and having a financial impact. cbi:///cms/104992
The degree of implementation reflects the progress of a project being implemented in the context of Shape 2012. METRO Group distinguishes between five degrees of implementation: developed, reviewed, approved, implemented and having a financial impact. cbi:///cms/104992
Department store
Large retail store that is generally located in the city centre and offers all types of goods, including textiles, household goods and food. Galeria Kaufhof is METRO Group's department store operator. cbi:///cms/104997
Large retail store that is generally located in the city centre and offers all types of goods, including textiles, household goods and food. Galeria Kaufhof is METRO Group's department store operator. cbi:///cms/104997
Discounter
A retail format characterised by a limited product assortment and an aggressive low-price policy. cbi:///cms/105002
A retail format characterised by a limited product assortment and an aggressive low-price policy. cbi:///cms/105002
Diversity management
Key element of human resources policy that leverages the diversity of the workforce with respect to gender, age, ethnic origin, faith, sexual identity or possible disabilities for the company's business success. cbi:///cms/105007
Key element of human resources policy that leverages the diversity of the workforce with respect to gender, age, ethnic origin, faith, sexual identity or possible disabilities for the company's business success. cbi:///cms/105007
Fast-moving consumer goods
Consumer goods that are purchased particularly frequently and are generally consumed on a daily basis, such as milk and bread. cbi:///cms/105012
Consumer goods that are purchased particularly frequently and are generally consumed on a daily basis, such as milk and bread. cbi:///cms/105012
Horizontal provider
A provider with a broad range of products from various manufacturers. cbi:///cms/105017
A provider with a broad range of products from various manufacturers. cbi:///cms/105017
Hypermarket
Large retail store with different articles offered largely in a self-service arrangement. Aside from food products, the assortment also includes consumer durables and non-durables. Real is the hypermarket operator within METRO Group. cbi:///cms/105022
Large retail store with different articles offered largely in a self-service arrangement. Aside from food products, the assortment also includes consumer durables and non-durables. Real is the hypermarket operator within METRO Group. cbi:///cms/105022
IASB (International Accounting Standards Board)
An independent international body that developed the International Financial Reporting Standards (IFRS) and continues to modify them. cbi:///cms/105027
An independent international body that developed the International Financial Reporting Standards (IFRS) and continues to modify them. cbi:///cms/105027
IFRIC (International Financial Reporting Interpretations Committee)
This group is part of the International Accounting Standards Committee Foundation (IASCF) and resolves controversial accounting issues. cbi:///cms/105032
This group is part of the International Accounting Standards Committee Foundation (IASCF) and resolves controversial accounting issues. cbi:///cms/105032
IFRS (International Financial Reporting Standards)
International rules governing the accounting policies of stock corporations. In contrast to the financial statements according to the German Commercial Code, the focus of IFRS is on investor-orientated information. cbi:///cms/105037
International rules governing the accounting policies of stock corporations. In contrast to the financial statements according to the German Commercial Code, the focus of IFRS is on investor-orientated information. cbi:///cms/105037
Like-for-like growth
Sales growth adjusted for selling space reflects sales growth on a comparable area or with respect to a comparable group of locations in local currency. It includes only the sales volumes of locations that were neither newly opened during the reporting year or the preceding year nor closed during the reporting year, and whose area did not change substantially as a result of restructuring work. cbi:///cms/105042
Sales growth adjusted for selling space reflects sales growth on a comparable area or with respect to a comparable group of locations in local currency. It includes only the sales volumes of locations that were neither newly opened during the reporting year or the preceding year nor closed during the reporting year, and whose area did not change substantially as a result of restructuring work. cbi:///cms/105042
Own-brand products
Branded articles that have been created and trademarked by a retail company and that offer attractive value for money. cbi:///cms/105047
Branded articles that have been created and trademarked by a retail company and that offer attractive value for money. cbi:///cms/105047
Meeting Metro
An informative METRO Group event focusing on training and career prospects in the retail industry and aimed at potential management recruits and teachers. cbi:///cms/105052
An informative METRO Group event focusing on training and career prospects in the retail industry and aimed at potential management recruits and teachers. cbi:///cms/105052
METRO Group Future Store Initiative
A group of more than 90 companies from the retail and trade, consumer goods, information technology and services sectors as well as from research and academia. The partners jointly promote the modernisation process in the retail industry. cbi:///cms/105057
A group of more than 90 companies from the retail and trade, consumer goods, information technology and services sectors as well as from research and academia. The partners jointly promote the modernisation process in the retail industry. cbi:///cms/105057
Multichannel distribution
Retail strategy to reach customers via several parallel marketing approaches, for example via outlets and Internet shops. cbi:///cms/105062
Retail strategy to reach customers via several parallel marketing approaches, for example via outlets and Internet shops. cbi:///cms/105062
Nonfood item
A term that describes essential household items in retail assortments. cbi:///cms/105067
A term that describes essential household items in retail assortments. cbi:///cms/105067
Radio Frequency Identification (RFID)
Innovative technology for contactless data transmission and automatic identification of goods movements. cbi:///cms/105072
Innovative technology for contactless data transmission and automatic identification of goods movements. cbi:///cms/105072
Shape 2012
METRO Group's efficiency- and value-enhancing programme. The earnings improvement potential targeted from 2012 and beyond amounts to €1.5 billion. The resulting earnings improvement depends on the development of the macroeconomic environment in our sales markets. cbi:///cms/105077
METRO Group's efficiency- and value-enhancing programme. The earnings improvement potential targeted from 2012 and beyond amounts to €1.5 billion. The resulting earnings improvement depends on the development of the macroeconomic environment in our sales markets. cbi:///cms/105077
Shop-in-shop concept
A type of presentation for partial assortments in the retail trade. It is used particularly to integrate well-known brand manufacturers on the selling space. cbi:///cms/105082
A type of presentation for partial assortments in the retail trade. It is used particularly to integrate well-known brand manufacturers on the selling space. cbi:///cms/105082
Solar-powered air-conditioning
Air-conditioning technology using solar power that can cool and heat stores or other buildings with the help of solar collect ors and an absorption refrigeration system. cbi:///cms/105087
Air-conditioning technology using solar power that can cool and heat stores or other buildings with the help of solar collect ors and an absorption refrigeration system. cbi:///cms/105087
Supply chain
Different processes that contribute to the value creation of a company. At METRO Group, this includes, for example, logistics, marketing and sales. cbi:///cms/105092
Different processes that contribute to the value creation of a company. At METRO Group, this includes, for example, logistics, marketing and sales. cbi:///cms/105092
Supply chain councils
Monitoring bodies for the activities of the former crossdivisional service company MGL METRO Group Logistics in the countries where several METRO Group sales divisions operate. cbi:///cms/105097
Monitoring bodies for the activities of the former crossdivisional service company MGL METRO Group Logistics in the countries where several METRO Group sales divisions operate. cbi:///cms/105097
Sales division
Subsidiary of a retail group that operates outlets or stores under a certain sales concept. cbi:///cms/105102
Subsidiary of a retail group that operates outlets or stores under a certain sales concept. cbi:///cms/105102
Sales brand
A company with a consistently independent market presence. Two sales brands with an identical sales concept can be positioned within one sales division. cbi:///cms/105107
A company with a consistently independent market presence. Two sales brands with an identical sales concept can be positioned within one sales division. cbi:///cms/105107
Trading-up strategy
Quality improvement of a retail group's offering, for example through larger product assortments, a higher level of quality, comprehensive services and a more sophisticated store design. cbi:///cms/105112
Quality improvement of a retail group's offering, for example through larger product assortments, a higher level of quality, comprehensive services and a more sophisticated store design. cbi:///cms/105112
Vertical provider
Provider with a deep product range who generally controls the entire supply chain - from development through manufacturing to sales. cbi:///cms/105117
Provider with a deep product range who generally controls the entire supply chain - from development through manufacturing to sales. cbi:///cms/105117
Wholesale
A trade format where merchandise is sold to commercial resellers, processors or commercial users. Metro Cash & Carry is the wholesale division of METRO Group. cbi:///cms/105122
A trade format where merchandise is sold to commercial resellers, processors or commercial users. Metro Cash & Carry is the wholesale division of METRO Group. cbi:///cms/105122
additional Informations
