Metro aims to open at least 12 outlets in major Chinese cities
Updated: 2013-04-10 11:08
By Tang Zhihao in Shanghai (China Daily)
|
||||||||
Having done business in China for more than 16 years, Metro China has gradually realized that significant synergies can be generated from the retailing sector. Hoelzer said that its retailing business can contribute almost 50 percent to Metro's China sales.
"Both (B2B and B2C) businesses bring us a lot of synergies. We could not survive without any one of them," said Hoelzer.
"The sales revenue generated from the retail business might be the main driver for the company to seek rapid expansion in China," said Peng Jianzhen, deputy secretary-general of China Chain Store & Franchise Association.
In addition, experts said opening 12 stores in one year is not that uncommon in the fast-growing Chinese market.
"Metro's expansion in China was not fast in the past decade compared to many international giants, so opening 12 stores is quite normal," said Peng.
Metro has 63 stores in 45 cities across the country. In contrast, Walmart has opened more than 260 stores in China since 1996.
- Li Na on Time cover, makes influential 100 list
- FBI releases photos of 2 Boston bombings suspects
- World's wackiest hairstyles
- Sandstorms strike Northwest China
- Never-seen photos of Madonna on display
- H7N9 outbreak linked to waterfowl migration
- Dozens feared dead in Texas plant blast
- Venezuelan court rules out manual votes counting
Most Viewed
Editor's Picks
American abroad |
Industry savior: Big boys' toys |
New commissioner
|
Liaoning: China's oceangoing giant |
TCM - Keeping healthy in Chinese way |
Poultry industry under pressure |
Today's Top News
Boston bombing suspect reported cornered on boat
7.0-magnitude quake hits Sichuan
Cross-talk artist helps to spread the word
'Green' awareness levels drop in Beijing
Palace Museum spruces up
First couple on Time's list of most influential
H7N9 flu transmission studied
Trading channels 'need to broaden'
US Weekly
Beyond Yao
|
Money power |