Retail in Asia

In Shops

Germany’s Metro to double China stores in 3-4 years

Germany’s Metro plans to double the number of its stores in China to more than 100 over the next three to four years to grab a bigger share of the country’s growing retail market, China Business News reported on Tuesday.

Metro, which runs hypermarkets and consumer electronics stores in China, also launched a business-to-business online store on Monday.

"Hopefully by using e-commerce, we will be able to enlarge our customer base and increase sales," Feng Liu, an executive with Metro China, told the newspaper.

(Source: CNBC)