Sales to normalise by January-end, getting orders from Jio Mart: Future Group CEO Kishore Biyani
Biyani said that Future Group - which operates popular retailing formats like Big Bazaar, FBB, Central and Nilgiris - has seen sales touching almost 60 per cent of the pre-COVID levels.
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NEW DELHI: Future Group expects normal sales to return for its retail vertical by the end of January, almost a year after the business was severely hit by pandemic-related disruptions, its founder and Group CEO Kishore Biyani said.
Speaking to PTI, Biyani said that Future Group - which operates popular retailing formats like Big Bazaar, FBB, Central and Nilgiris - has seen sales touching almost 60 per cent of the pre-COVID levels and that business has normalised to a great extent . He added that stocks in the stores are also almost up to 80 per cent of what they were before the pandemic.
Big Bazaar aims to reach 300 hypermarket stores mark by 2021 – The People Online
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Big Bazaar aims to have 300 hypermarket stores in next three quarters
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Country s leading hypermarket chain Big Bazaar, which has its presence in over 100 cities across the country, is planning to open 16 more stores to take the overall count to 300 over the next three quarters, a company official has said. The Future Group firm, as per its expansion strategy, is expanding into the smaller tier-II cities in India, which are lesser impacted by the pandemic and has aspirations and an emerging consumption class. We are on the course to complete the milestone of reaching 300 hypermarket stores in next three quarters, said Big Bazaar CEO Sadashiv Nayak. Future Retail is presently operating around 284 stores of Big Bazaar in over 100 cities, he added.
With focus on tier-2 cities, Big Bazaar aims to have 300 hypermarket stores in next 3 quarters
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