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Metro Cash & Carry India

METRO completes Rs 2,850 crore deal with Reliance Retail to sell its India Cash & Carry business

The deal includes all 31 wholesale stores operated by METRO Cash & Carry India and the entire real estate portfolio to RRVLNew Delhi: German retailer METRO AG on Thursday announced the completion of the sale of its Indian cash &...

METRO Cash & Carry India to cover COVID vaccination cost for all its employees in the country

METRO Cash & Carry, India’s leading wholesaler and food specialist, will be covering the COVID- 19 vaccination cost for its entire workforce in India. Supporting Government of India’s COVID-19 vaccination drive, the company has decided to cover the COVID-19...

Retail employees ‘frontline workers’, must get COVID vaccine on priority basis: FICCI

Industry chamber FICCI has written to the Union Health Ministry seeking inclusion of retail industry staffers in the list of 'frontline workers' for the COVID-19 vaccination drive. "The kirana community along with retail employees should be recognised as 'frontline workers' as they...

Retailers hopeful of achieving ~85% pre-COVID sales by June 2021

With an epic battle of billionaires for supremacy in one of the world's most prolific markets and a pandemic-propelled surge in online shopping in the background, India's nearly trillion-dollar retail market is hoping to touch 85 per cent of...

Momentum in online, app-based sales to stay for retailers

Many large brick-and-mortar retail chains that switched to online during the lockdown have reported spike in sales from digital channels, and expect the momentum to continue as consumers prefer to order digitally despite restrictions are being eased. According to a...

Lockdown 2.0: Consumers’ focus shifts to packaged, high-value food items

The second phase of the coronavirus lockdown saw a considerable shift in buying patterns of consumers from basic necessities to high-value items like snacks, processed food, packaged meat and frozen desserts, retailers said. According to a PTI report: Retailers such...

Anticipated lockdown extension, adequate stock in place, say retailers

Retailers on Tuesday assured there is enough inventory to meet the demand during the extended lockdown period, stating they had stocked up in anticipation of such a move from the government to curb the spread of coronavirus pandemic. According to...

Covid 19: Retailers roll out steps to maintain social distancing, sanitisation at stores

Big retailers, which are presently dispensing only essential items amid the lockdown, are taking precautionary measures like restricted entry and marked lines to maintain social distancing to avoid coronavirus infection at their stores. According to a PTI report: Some stores...

Arvind Mediratta, MD & CEO, METRO Cash & Carry India

What’s the Future of Retail? “Modern retail in the right direction for long term benefits to the Indian economy. Initiatives such as GST and demonetisation have helped streamline retail and wholesale sectors to eradicate unscrupulous players, cumbersome processes and misleading...

After record FDI in 2018, retail sector gears up for more M&As in new year

With the lines getting blurred between organised brick-and-mortar model and new-age online platforms, retail sector is ending the year 2018 with a record level of FDI and is gearing up for more mergers and acquisitions, partnerships and other deals...
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Madras Mandi to open 20 new stores in Chennai

It is aiming for a presence in every neighbourhood and eventually expanding to tier 2 cities in the SouthBengaluru:...
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