Senior Correspondent, IndianRetailer.com & Retailer Magazine Sep 24, 2010 / 2 MIN READ
Germany-based wholesale giant Metro Cash & Carry (MCC) is planning to open 40-50 outlets in India in the long run.
The company needs a minimum of 20 outlets to reach break-even. Currently, the company caters exclusively to business clients like hotels, restaurants, and small retailers. The centres are located in four states—Andhra Pradesh, Karnataka, West Bengal and Maharashtra. It is opening its sixth centre in Hyderabad next month, which will be its second outlet in the city.
The company is also foraying its presence in north espescially in Punjab. The company has already acquired land for six outlets in Punjab. It would be investing about ' 900 crore in Punjab in the coming times.
MCC also envisages to expand its presence even in Tamil Nadu in the near future.
Unveiling India's Retail Revolution: Tech Disruptions, Consumer Shifts, and the Future of E-CommerceGiven this divergence, industry projections indicate Tier II and III cities will continue dramatically outpacing their Tier I counterparts in online order growth rates over the next decade.
During Mumbai Tech Week, Chandok also emphasized that those who do not embrace AI, risk falling behind in the rapidly evolving technological landscape.
In the dynamic arena of retail, departmental stores stand tall as monuments of progress, convenience, and diverse offerings.
But the winds began to shift in the mid-2010s. Mounting debt, fueled by ambitious expansion plans and a competitive landscape increasingly dominated by e-commerce players like Amazon and Flipkart, put immense pressure on Future Retail.
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