Metro China has reported that its sales for the 2014/15 fiscal year (ending 30 September 2015) rose by 17.4 per cent on a like-for-like basis, remaining consistent with its growth trajectory in the Asian market, chinaretailnews.com reports.
It reached €2.662 billion in sales in China, though its overall global performance saw a sales dip of 1.2 per cent.
The German multinational’s Chinese division upgraded 22 of its outlets during the fiscal year in question, and built six new ones, bringing the total number to 82.
Its Cash & Carry business, which has been pivotal to the company since its foundation in 1964, is to gain an e-commerce platform in China through a partnership with Alibaba, which was signed in September 2015.
© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Peter Donnelly. To subscribe to ESM: The European Supermarket Magazine, click here.
