Rangga D. Fadillah, The Jakarta Post, Jakarta | Tue, 03/22/2011
German-based retail giant Metro Group said on Tuesday it would open the first of about 20 planned retail outlets in Indonesia by 2012.
Metro Group chief executive officer Eckhard Cordes said in a press statement that over the past several years, Asian countries, including Indonesia, have emerged as potential targets for retailers seeking to expand their businesses.
“The presence of Metro Cash & Carry in Indonesia will create great momentum for our business expansion in the Asian market,” he said.
Cordes said Metro would open around 20 Metro Cash & Carry outlets across Indonesia, with the first to open in 2012, if the economic conditions in Asia remained stable.
In the past 15 years, Metro Cash & Carry has opened stores in China, India, Japan, Vietnam and Pakistan. Indonesia would be the 31th country in the world that to have Metro Cash & Carry outlets, according to the release.
“With …a fast-growing economy and strong domestic consumption, Indonesia offers abundant potential for our retail business,” Metro Group management council member WH Muller said.
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