German wholesaler Metro China is to speed up the development of its franchise business, and introduce its convenience store brand MyMart this year. Jeroen de Groot, president of Metro China, said the firm has plans to open the first two MyMart stores in Shanghai, one at a major subway station and another close to a residential community. More MyMart openings are scheduled in other cities across China, said de Groot, adding more details cannot be disclosed now, but will be disclosed in the near future…Full Article: Apr 2016

Key Point

  • As of early 2016, Metro had 82 stores in China spread across 57 cities.

ChinaAg Comments

  • As of 2015, Metro had 81 wholesale stores in China spread across 56 cities.
  • In September 2015, Metro announced plans to open an online shop on Alibaba Group’s Tmall e-commerce platform. Metro plans to initially sell dairy, canned food, coffee, and chocolate products on Tmall.
  • In January 2013, Metro opened its 64th store in China in Qingdao, Shandong province.

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