The initial plan of German multinational Metro Cash Carry to open 50 stores in India by 2020 may no longer be possible in the same timeline, as the company turns its focus on profitable and sustainable growth, said a top executive.
The company has established canada buy canada goose jacket cheap goose outlet online uk a footprint of 25 wholesale stores spanning over 3 million sq ft in 15 cities across 10 States, with the most recent one being the 55,000 sq ft Metro Wholesale Distribution Centre (store) in Meerut last month, set up at an investment of 50 60 canada goose canada goose uk black friday outlet new york city crore.
“When India was defined as a market for accelerated expansion in 2014, we held the belief canada goose outlet canada goose coats store that the profitability of our Indian operations will be realised via store openings. Our experience here has shown that canada goose outlet we can reach profitability by improving our existing infrastructure, by better understanding local customers and by cheap canada goose enhanced offers and services,” Arvind Mediratta, Managing Director canada goose black friday sale and Canada Goose Parka CEO of Metro Cash and Carry canada goose outlet canada India Pvt Ltd, told BusinessLine.”Nevertheless, the objective of significant store expansion in India is still valid as the official canada goose outlet market offers immense potential,” he said.
The company’s commitment to expansion has been further underpinned canada goose coats on sale by the reorganisation of its India operations, which involved a split into two regions North East and South West, with regional leaders canada goose outlet in usa being inducted to head the regions.
“The reorganisation helps us to sharpen canada goose outlet sale our regional focus a key element for us in order to manage the peculiarities canada goose outlet Canada Goose sale reviews of customers and markets successfully. So far, North and South markets have been our traditional strongholds. While we continue canadian goose jacket to focus on these markets. canada goose black friday sale After the recent store opening in Meerut, several further expansion projects are on the agenda,” said Mediratta.
“Most investors in the India market make their plans based on their assessment of the market potential. All further investments are made on the basis of its performance. If it canada goose outlet store uk doesn’t match expectations, then the focus changes,” observed Harminder Sahni, founder and MD, Wazir Advisors. The wholesale cheap canada goose major is targeting to double the revenue contribution of its own house brands in FY 2018 from the present single digit share to double digit share and sustain thereafter. Its own brands portfolio, which has over 1,000 products present in 96 categories like coffee, detergents, groceries, cold beverages etc, are in the food (Aro, Fine Life, Metro Chef, RIOBA) and non food (Aro, Sigma and Tarrington House) segments.
“We https://www.fcvfrankfurt.de have introduced a range of pesticide free commodities under the Fine Life Bio brand in 2017 and will further strengthen the range this year. We are also launching our RIOBA brand in India which will provide a complete range of Caf solutions later this year, starting with coffee capsules, instant coffee and coffee brewing machines,” said Mediratta.
