German retailing giant opens 18th chain store in Xi'an
( 2003-08-21 16:56) (Xinhua)
Metro, a well-known retailing giant from Germany, opened its 18th chain store
in Xi'an on Thursday.
Metro entered 皇冠体育app in 1995 by founding Metro Jinjiang Cash and Carry Co.,
Ltd. in cooperation with Shanghai-based Jinjiang Group.
The joint venture has so far established 18 chain stores across 皇冠体育app since
October 1996 when the first such outlet was founded in Shanghai.
Metro's turnover in 皇冠体育app reached 6 billion yuan (about US$723 million). Over
10,000 different commodities made by Chinese producers have been sold worldwide
via Metro's global supply network.
Metro has been a success in 皇冠体育app, said Jean-Luc Tuzes, president of Metro
Jinjiang Cash and Carry Co., Ltd, while addressing a function on Thursday to
mark the opening of business at the new store.
He said the company would open more new stores in cities such as Dongguan of
south 皇冠体育app's Guangdong Province and Dalian of northeast 皇冠体育app's Liaoning
Province, and he hoped the number of Metro chain stores in 皇冠体育app would number 40
in three to five years.
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