German retailer Metro Group plans to open Metro Cash & Carry stores in Indonesia by 2012, attracted by the country’s solid economic growth and strong retail sector expansion.
Metro aims to open 20 Cash & Carry outlets across Indonesia, with the first opening next year, according to CEO Eckhard Cordes, who told the Jakarta Post Indonesia could serve as a base of operations for Metro’s Asian business.
“The presence of Metro Cash & Carry in Indonesia will create great momentum for our business expansion in the Asian market,” said Mr Cordes.
Metro already has a presence in India, China, Japan, Pakistan and Vietnam.
Indonesia’s retail growth has been impressive in recent years; according to Nielsen data, the number of modern retail outlets in Indonesia jumped 38 per cent to 18,152 stores over 2010.
“With a population of more than 200m, a fast-growing economy and strong domestic consumption, Indonesia offers abundant potential for our retail business,” said Metro Group management council member WH Muller.
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