1. CASH & CARRY Cash & carry in the modern retail market MILOŠ RYBA
November 2013
MILOŠ RYBA
Research Director - Emerging Markets

2. Contents Channel overview of cash & carry and wholesale clubs
Trends in the cash & carry sector
Case Study: Metro Group - Metro (Makro) Cash & Carry
Conclusion and key takeaways

3. 1. Overview of the cash & carry and wholesale clubs channel

4. 1. Channel overview of cash & carry and wholesale clubs
The cash & carry and wholesale clubs (CC&WC) channel is set to grow annually at the rate of around 6.2% in the next five years. The majority of the growth will come from the wholesale clubs format.
CAGR
4.0%
5.2%
14.8%
6.2%
6.7%
6.2%
5.1%
Note: e – estimate; f – forecast
Source: Planet Retail

5. 1. Channel overview of cash & carry and wholesale clubs
Wholesale clubs operator Costco and Carrefour’s hybrid concept of hypermarket / cash & carry will outperform cash & carry operators such as Metro Group in the next five years.
8.2%
CAGR
4.3%
4.5%
12.4%
4.6%
4.3%
5.1%
0.9%
3.7%
29.3%
Note: f – forecast
Source: Planet Retail