{"id":3861,"date":"2014-05-09T10:30:25","date_gmt":"2014-05-09T05:00:25","guid":{"rendered":"http:\/\/www.franchisezing.com\/franchise\/?p=3861"},"modified":"2014-05-09T10:30:25","modified_gmt":"2014-05-09T05:00:25","slug":"german-wholesaler-metro-plans-50-more-stores-by-2020","status":"publish","type":"post","link":"https:\/\/www.franchisezing.com\/franchise\/german-wholesaler-metro-plans-50-more-stores-by-2020\/","title":{"rendered":"German Wholesaler METRO Plans 50 More Stores by 2020"},"content":{"rendered":"

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Retail News India<\/a>:\u00a0METRO Cash & Carry, a chain of self-service wholesale stores based in Germany, plans to expand in India with 50 more stores by the end of 2020, the German company said Monday.<\/p>\n

India, where retail is closed to foreign direct investment while allowing 100 percent FDI on wholesale trading, currently has 16 METRO distribution centers across 12 cities. If the expansion plan pushes through, India will join Russia, China and Turkey in METRO\u2019s focus areas.<\/p>\n

\u201cIndia has always been an important future growth market of METRO,\u201d said Metro Cash & Carry chief executive Olaf Koch. \u201cWe have seen continuous like-for-like growth recently in India.\u201d<\/p>\n

\u00a0\u201cNow we decide to inject extra momentum into our expansion course there to operate 50 distribution centers by 2020. India will join Russia, China and Turkey as one of the four focus expansion countries within our portfolio,\u201d Koch added.<\/p>\n

The METRO announcement comes on the heels of news reports that Wal-Mart is planning to expand in India, where the world\u2019s largest retailer is set to open 50 outlets over the next five years.<\/p>\n

With the brewing competition, METRO boasts of its 10-year-old relationship with small independent shops locally known as Kirana, which constitutes a vast majority of India\u2019s retail sector. The company has recently launched a variety of customized support schemes on the sales floor and in the field to strengthen Kirana\u2019s competitiveness in the retail market.<\/p>\n

Rajeev Bakshi, METRO managing director in India, said the company has been \u201cconsolidating market position by translating our nuanced understanding of the customer into daily practices, tailored projects and innovations.\u201d<\/p>\n

He added \u201cwe are delighted that METRO has established itself as a responsible and relevant member of the community. This provides a firm foundation for us to switch our expansion into the fast lane now.\u201d<\/p>\n

METRO GROUP \u2013 Founded in Germany in 1964, METRO Cash and Carry offers a chain of self-service wholesale stores across Europe, Asia, and North Africa. The company maintains a presence in 29 countries, with over 700 stores to date. All of METRO wholesale stores boast of a concept oriented towards helping its retailer customers to successfully run their own businesses, and aim to promote local purchasing power and consumer demand.<\/p>\n

Source: toptenwholesale<\/p>\n

Note: If you are looking for the\u00a0low cost franchise business in Retail industry<\/a>, then you can apply your request here<\/p>\n","protected":false},"excerpt":{"rendered":"

Retail News India:\u00a0METRO Cash & Carry, a chain of self-service wholesale stores based in Germany, plans to expand in India with 50 more stores by the end of 2020, the [ … ]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[787,4],"tags":[],"class_list":["post-3861","post","type-post","status-publish","format-standard","hentry","category-news","category-retail-news","list-style-post"],"_links":{"self":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/posts\/3861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/comments?post=3861"}],"version-history":[{"count":0,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/posts\/3861\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/media?parent=3861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/categories?post=3861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.franchisezing.com\/franchise\/wp-json\/wp\/v2\/tags?post=3861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}