Big Bazaar to invest Rs. 600 crore on expansion
Big Bazaar will be investing Rs. 600 crore in expanding its retail chain and related back-end facilities.
Addressing presspersons here on Friday after inaugurating its fourth store in Chennai, Rakesh Biyani, Director, Future Group, said the group was operating 132 stores in the country and the plan was to open 60 more in the near future.
With the economic recovery in place, Big Bazaar was witnessing a significant improvement in sales in recent months and last month was by far the best selling month, Mr. Biyani said.
In the next two months, 10-12 additional stores would be in place, he said.
The newly established outlet at the Express Avenue Mall here, occupying a retail space of 70,000 sq.ft., was the largest one on a single floor, he said.
According to Venkateshwar Kumar, Business Head, South, over 25 per cent of the space in the new super market was reserved for food products and 20 varieties of rice were offered to cater to the needs of various communities.
He said one more store in Coimbatore was already operational and the company was highly optimistic about expansion in Tamil Nadu.
Big Bazaar was laying special emphasis on the affordable price factor apart from quality and variety of the products to induce huge savings for customers, Mr. Kumar said.
Big Bazzar to open an outlet in Sikkim soon at Gangtok.
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