Metro news and archive

Crocs, Metro Shoes team up, to open 100 EBOs in three years

Metro Shoes and leading footwear brand Crocs have tied up to roll out exclusive stores of the colourful and oddly-shaped shoes in India. Crocs plans to open 100 exclusive outlets in three years with the help of Metro Shoes which is its National Retail Partner. Metro Shoes has invested around Rs 40 crores and is expecting a sale target of over Rs...

RetailFeatured

India continues strong growth ahead, says A T Kearney study

The latest edition of A T Kearney's Global Retail Development Index (GRDI), once again confirms India’s growing economic clout. India now ranks 15th backed by strong growth in retail sales. GRDI has guided global retailers with strategic investments since 2002. This is the period when the retail environment in developing markets underwent...

Retail

Metro Cash and Carry to open 50 stores by 2020

As a part of its expansion strategy, Germany’s Metro Cash and Carry plans to open 50 wholesale stores in India by 2020. The company recently opened its 18th store in India and fourth in Bangalore. The new store replaces the earlier occupied by French retailer Carrefour that exited the country last year. Metro had acquired three Carrefour stores....

Retail

Metro Cash & Carry to expand India presence

The first global retailer that succeeded in creating a niche in India, Germany’s Metro AG now plans to invest Rs 400 crores to expand its network of wholesale stores in the country. In a submission to the Registrar of Companies last week, the company intimated that it will raise the amount from its parent company through equity infusion, for the...

Apparel

Metro Cash & Carry plans eight new stores

While many global retail giants are still speculating over India entry, Metro Cash and Carry India (part of Metro AG, Germany) is on expansion mode and is looking at opening wholesale stores in Tier I, II cities this year. Their next store is set to open in Jaipur in April. Metro AG, Germany’s largest retailer, will invest an additional Rs 560...

Apparel

Tesco’s India plans on hold

Tesco, the world’s third largest retailer, has decided to adopt a wait and watch policy to enter the Indian market. As of now, it has decided to focus its exisiting franchise arrangement with Tata’s Trent. According to the arrangement, Tesco provides back-end support to Star Bazaar hypermarkets run by Trent, in terms of inventory and supply...

Fashion

Is India ready for Wal-Mart?

Should we, shouldn’t we? This seems to be the moot question the Union government is asking stake holders as it embarks on the debate on opening up foreign direct investment (FDI) in multi-brand retail. The Centre has sought suggestions from various stakeholders on this much debated topic, an issue that could generate a lot of heat in political...