Latest News:  


Metro aims to open at least 12 outlets in major Chinese cities

By Tang Zhihao in Shanghai  (China Daily)

13:00, April 10, 2013

A Metro outlet in Nanjing, Jiangsu province. The wholesaler has 63 stores in 45 cities in China. [Provided to China Daily]

Despite the recent slowdown in China's economic growth, German self-service wholesale retailer Metro Cash & Carry is planning to open at least 12 outlets in China in 2013, following equally fast expansion the year before.

In 2012, Metro opened 12 stores in not only major cities but also second-tier cities, including Zhenjiang in Jiangsu province and Zhongshan in Guangdong province.

"This shows our long-term commitment to China," said Uwe Hoelzer, president of Metro China.

Metro China's sales revenue for 2012 increased 23 percent from a year before to 1.89 billion euros ($2.46 billion). In comparison, Metro Group's global sales only increased 1.7 percent to 32 billion euros.

Despite China's slowing economic growth, Metro China is confident that it can maintain stable growth in the nation.

"We are still talking about GDP growth of 7 percent and the expectation is about 8 percent. So there is still enough growth, which underlines our strategy," said Hoelzer.

He said increasing food safety problems also provide opportunities to Metro China because people in China are paying more attention to food quality, allowing Metro China to grab market share from wet markets, street markets and some international players.

Metro China has established a food tracing system, which allows companies and consumers to monitor every step of the supply chain.

To support its growth, the company said it would pay more attention to a number of sectors in 2013, including consumers, corporate clients and caterers.

【1】 【2】

We Recommend:

Photo Story: Bittersweet life of auto model

Top 10 richest people in Beijing 2013

34th Bangkok Int'l Motor Show to kick off

Beijing’s second-oldest McDonald outlet closed

Top 10 world's youngest billionaires 2013

China's solar giant declares bankruptcy

Email|Print|Comments(Editor:WangXin、Chen Lidan)

Leave your comment0 comments

  1. Name


Selections for you

  1. Chinese Marines in military skill training

  2. French, Cote d'Ivoire soldiers attend drill

  3. Milan International Furniture Fair kicks off

  4. The job of building heavenly homeland

  5. An outbreak of the H7N9 strain

  6. Firefighters working to extinguish forest fire

  7. An old town on the tea-horse road--Du Kezong

  8. The best smiles may be all wet

  9. Stunning models at Bangkok Auto Show

  10. China's inflation drops from 10-month high

Most Popular


  1. Errors in urbanization must be avoided
  2. What kind of public diplomacy does China need?
  3. Today's youths will prove their mettle
  4. Chinese spend less on hotels, still flash the cash
  5. Soros upbeat on China's economic transformation
  6. Chinese innovations to benefit the world: Bill Gates
  7. Reflecting on rules that allow bad apples
  8. Cold food honors loyal man with a warm heart
  9. Safety concerns over state-owned coal mines
  10. New age of gender blending in China

What’s happening in China

Stand in face of bulldozer
With water and electricity cut, lonely 'Nail House' struggling to stay

  1. Fake talent agent gets nabbed as extortionist
  2. Dead fish likely released by Buddhists
  3. Sitting in car won't stop illegal parking fine
  4. Japanese newspaper's Weibo hot in China
  5. No positive samples of H7N9 found in pigs