Jun 30 2008
61 new mega stores of Big Bazar in 2008!
61 new mega stores are on its way by the very famous Big Bazaar making a total of 150 stores. Future’s group retail chain on Sunday said it will open additional 61 stores by the year end expecting a high turnover of Rs 5,000 crore in the current fiscal year. The new stores would come up on an area of 30,000-1, 25,000 sq ft.
“The company is looking for a turnover of Rs 5,000 crore during the current fiscal. As part of the plan, 61 new hypermarkets are going will be established across the country,” Big Bazaar (sourcing and production head) Sharmila Nadkarni said on sidelines of the Pure&Play retail summit here.
Most of the new stores would be set up in tier-II and smaller cities. Big Bazaar has presence in 16 tier-II and smaller cities.
“We want to bring items in all segments under one roof and tap Rs 35,000 crore women’s wear markets in India,” she said.
Out of the total sale of Big Bazar, Women’s and kid’s wear comprised 30 % and 18 % respectively and now the company is planning to increase the figures by 5% to touch 35 % and 23 % respectively by the end this fiscal. Presently the company has total 89 stores across 55 cities.
“The company is also in talks with certain manufacturing companies to launch their own labels. It has certain specialized labels in women’s wear like Biba, Shylla, and Shristi,” she said.
“The new project will initially cover some high market stores in major cities like Delhi and Mumbai,” she added.
Special space will be given to kids wear as Special Kids Zone are expected to be set up in selected stores. It also plans special youth zones in those selected stores.
