Page 2 - Metro Cash & Carry

Metro Cash and Carry India stops stocking Mondelez products over margins

The maker of Dairy Milk chocolates decided to cut margins by 25-30% for the German-headquartered company

Wholesaler METRO Cash & Carry India opens its 29th store at Visakhapatnam

METRO Cash & Carry India, the country's leading organised wholesaler, on Wednesday announced opening of a new store at Visakhapatnam, taking the total strore count to 29. The new store is the second METRO Wholesale in Andhra Pradesh after Vijaywada, which will help generate close to 500 direct and indirect employment opportunities, said a company statement. Spread over 50,000 sq.ft, the new store stocks a wide range of globally benchmarked quality assortment of over 7,500 products in both food and non-food category, it added. METRO Cash & Carry India MD and CEO Arvind Mediratta said Andhra Pradesh is a priority market for the company and would increase its footprint in the state. "We will continue investing to add more stores in the state, provide diverse product assortment and offer innovative digital solutions for an enhanced omni-channel experience for our customers, he said. The new store is integrated with METRO's B2B e-commerce app for traders and will offer the kirana ..

Second Covid-19 wave: METRO Cash & Carry goes online for kiranas

Mediratta said e-commerce sales have gone up 10 times since they started in April 2020.

Metro Cash & Carry to cover coronavirus vaccination cost for staffers

Leading wholesaler Metro Cash & Carry on Thursday said it would cover the COVID-19 vaccination cost for its entire workforce in India. The company has decided to cover the COVID-19 inoculation cost of over 14,000 direct and indirect employees, including contractual staff, security personnel, porters and loaders, working across its 28 stores in the country, Metro Cash & Carry said in a statement. The company is partnering with industry bodies and other authorities to conduct the immunisation program. Metro Cash & Carry MD and CEO Arvind Mediratta said, "At METRO, we prioritize the health, safety and well- being of our entire employee ecosystem. During the pandemic, our employees have braved odds and shown tremendous courage to report to work, and have been working diligently to ensure uninterrupted supplies to all our business customers, especially the kiranas." "Covering their vaccination cost is a small way to express our gratitude to them for their resilience and ...

Safety factor swells the carts of e-commerce firms this festive season

Convenience and comfort of ordering from homes apart from discounts pushing people to choose e-commerce over offline

E-commerce battle: Metro Cash & Carry offers kiranas a stepping stone

In a first, firm to take stores to tier-2, tier-3 towns as battle with Amazon, Reliance Retail intensifies

Metro Cash & Carry to roll out 6 small-format stores focussing on kiranas

The wholesale chain currently 27 stores catering to kiranas, Horeca and hospitality sectors; the new stores will be half the size of earlier Metro stores, covering an area of 20,000-25,000 sq ft

Our entire supply chain has been disrupted: Metro Cash & Carry CEO

If the situation doesn't improve we will have shortages throughout the country, says Mediratta

Metro Cash & Carry pips Amazon, Walmart in profitability, revenue growth

Metro, which had opened its first store in the country 15 years ago, zoomed past rivals like Walmart and Amazon Wholesale by turning profitable for the first time in 2018-19.

Metro Cash and Carry plans to take ecommerce route for kirana stores

Over the last six months, the company has changed its strategy to digitise the operations of its customer base

Social commerce player DealShare raises $11 mn from Matrix Partners, others

The start-up, focused on middle- and lower-income clientele in grocery and home categories segments, in Tier-II and -III cities, currently has over 300,000 customers and services 15,000 orders per day

METRO ahead in store race

With new outlet in Bengaluru, it would be one ahead of rival Walmart's 21

Metro Cash & Carry expects growth from hotels, restaurants, caterer segment

Metro Cash & Carry is expecting its hotels, restaurants and caterers (HoReCa) segment to have a faster growth post GST, said a top official. Besides, Metro is also helping its customers in Kirana and traders segment to digitise their business. "Post GST, HoReCa segment has started growing much faster and on the basis of that we are going on HoReCa in a big way," Metro Cash & Carry India CEO and MD Arvind Mediratta told PTI. It is presently 15 to 16 per cent of our total sales and we believe that this is a segment in the years ahead, he said further. People are now preferring more to dine outside as disposable income is on rise here, he added. "Our estimate is that there are around 1.3 crore HoReCa businesses in the country, which is more than the number of kirana shops in the country, which is around 1.2 crore," said Mediratta. The company is projecting itself as one stop destination as HoReCa segment's assortment need. Metro plans to help its b2b customers with ...

Metro Cash & Carry India sales up 16% to Rs 62.42 billion in FY'17

Metro Cash & Carry India has reported a 16 per cent increase in sales at EUR 798 million (approx Rs 6,242 crore) for the financial year ended December 2017. "In 2016-17, Metro Cash & Carry India posted sales of EUR 798 million, a growth of 16 per cent over the previous year," the company said in a statement. The firm, part of German retailing major Metro AG, follows January-December period as its financial year. "India is a key growth market for us and we are focused on achieving profitable and sustainable growth. We are committed towards increasing our presence and supporting independent businesses across regions," Metro's Wholesale (India) MD and CEO Arvind Mediratta said. Mediratta added that financial year 2016-17 was a strategically important year for the company as it launched OPD (order, payment, delivery) for traders and kiranas to facilitate online order placement and door-step delivery. "We are building a distinctive value-proposition for the HoReCa ...

Metro Cash & Carry to invest Rs 1,690 cr in India by 2020

The firm, which currently has 24 stores in India, plans to open another 26 over the next few years

Metro Cash & Carry invest Rs 1,690 cr to add 26 stores by 2020

Metro Cash & Carry India, Indian arm of the German multinational wholesale company, that opened its first store in Ahmedabad, aims to open another 26 stores across the country by 2020 with an estimated investment of about Rs 1,690 crore. Arvind Mediratta, CEO and managing director of Metro Cash and Carry India did not wish to divulge the exact investment figures on the upcoming stores, but said that roughly it works out to be around Rs 60-65 crore per store. The company now operates 24 stores across the country including the Ahmedabad store that is spread over 55,000 square feet and will help to create more than 350 jobs for the local economy. Metro Cash and Carry is upbeat on the Gujarat market and has other projects in the pipeline here. It already has a store in Surat here. The company has so far invested Rs 2300 crore in India and is one of the largest organised wholesalers. Metro India caters to over 1.1 million customers across the country, of which around 50 per cent are ...

METRO's turnaround plan

Armed with a more robust model for new stores, Arvind Mediratta hopes to make METRO Cash & Carry profitable soon

Metro Cash & Carry steps in to help small retailers take on online giants

German wholesaler offers deep discounts over wholesale price during festive season

Metro Cash & Carry is wooing kirana store owners with doorstep delivery

Metro Cash and Carry has taken up a digitisation drive in two key markets-Karnataka and Andhra Pradesh-where it has six and four stores respectively

Metro Cash & Carry India anchors start-ups for long business innings

The start-ups have access to Metro's hotels, restaurants and caterers segment with an enormous customer base