Metro cash & carry in Mumbai
Will cater to hotels, restaurants and kiranas.
May 20, 2011 | comments ( 0 ) |
Metro Cash & Carry, the international leader in self-service wholesale, opens its first store in Mumbai. Located at Neptune’s Magnet Mall in Bhandup, the new outlet – Metro Cash & Carry's fourth in India – caters to hotels, restaurants and kiranas. “We are convinced that our unique business-to-business concept will be very successful in Mumbai and well accepted by our professional customers,” said Martin Dlouhy, MD, Metro Cash & Carry India. “We see vast potential for our wholesale centres in this metropolis. We are already exploring possibilities to open more outlets to effectively meet the needs of our customers.” The Metro Cash & Carry centre in Mumbai has a selling space of 70,000 sq.ft. Most of the work to build this outlet was carried out by local contractors, mainly using local material. Due to scarce availability of appropriate real estate, this is the first time Metro Cash & Carry India has built a multi-level wholesale centre. “To meet the special needs of our professional customers, we have to prove our flexibility and adaptability – also in terms of the location of our business,” said Dlouhy. The product range in the Mumbai centre comprises more than 18,000 articles; 8,000 food and 10,000 non-food products. The focus on local suppliers, which is typical for Metro Cash & Carry’s business model, is also pursued in India. Around 95 percent of the goods on display in Mumbai originate from local producers and distributors.
- Reliance Retail & Jio to jointly launch new e-commerce platform
- CCI gives nod to Samara Capital-Amazon's joint bid to buy More
- SoftBank eyes 40% stake in FirstCry for $400 million
- Vivo India launches 'Vivo Xchange' program in partnership with Cashify.in
- Milkbasket expands operations to Bengaluru
- Manyavar launches another store in Punjab
- Ola raises Rs 150 crore from Flipkart's Co-Founder Sachin Bansal
- Ananth Narayanan steps down as Myntra Jabong CEO
- DailyNinja celebrates 15 million orders fulfilled
- John Jacobs looks to garner Rs 500 crore revenue by March 2021