METRO Cash & Carry turns profitable in India after 15 years of operations - Indiaretailing.com

METRO Cash & Carry turns profitable in India after 15 years of operations - Indiaretailing.com

  • "It has taken us some time to find the right success formula in India but with a focused approach, we have been able to break-even and turn profitable after 15 years of successful operations in India,"says Arvind Mediratta , Managing Director & Chief Executive Officer at METRO Cash & Carry India, in an exclusive interaction with Progressive Grocer.
  • With India becoming one of the largest preferred retail destinations globally, the Indian retail market and cash & carry trade are both growing at a fast pace.
  • Demonetization and introduction of GST has further helped the organized wholesale and retail segments gain a significant share of pie from the unorganized market, which augurs well for modern retail and cash & carry business.
  • To give a perspective: India has a huge potential of about 600 Cash & Carry outlets across Tier I, II & III cities.
  • We were the first cash & carry player to foray in India in 2003, and since then we have opened 27 wholesale distribution centers across the country.


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