Metro To Expand Cash And Carry Network

Germany's Metro Group has announced plans to expand its Serbian cash and carry store network through new store openings. Metro opened its first cash and carry stores in Serbia in 2005 with a US$18mn investment, and now has five outlets in the country. According to the retailer, its current investment in the market is EUR100mn (US$128mn), and it plans to increase this as it moves ahead with new store openings. With Metro struggling to maintain profitability in its domestic market, it is increasingly looking to emerging markets such as Serbia to achieve growth.

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