Metro AG, the German wholesale retailer is preparing to match up to the increasing competition from such biggies as Walmart, by consolidating its hold over the Indian market, where it has been operational since 2003. No new investments are foreseen in 2013.
However, depending on the performance of its stores in India, post 2013, Metro is planning to open 5-6 stores every year.
Metro has also reworked its real estate strategy, which will see the reduction in size of the average large format stores, by nearly 50%.
While the stores opened initially were spread across 100,000 sqft built up area, the new format would have an average space of 50,000-55,000 sqft.