Future Retail announces expansion plans for Big Bazaar.
25 stores targeted for eastern India
Future Retail has announced plans to spend INR200 crore (US$28.6m) to boost its store network in the eastern region of the country. The retailer is aiming to open 25 new stores from April, operating under the Big Bazaar banner.
Of these 25 new stores, at least seven of them will be located in Kolkata, while the remaining stores will be spread across West Bengal, Bihar, northeast and Odisha.
This announcement comes shortly after Future Retail signed a master franchise agreement to operate 7-Eleven convenience stores in India.
Future Retail is one of India’s largest multi-format retailer and currently operates Big Bazaar, Hypercity, Nilgiris, Heritage Fresh and Easyday banners. Its loyalty programmes, Big Bazaar Profit Club and Easyday Savings Club, has close to 30m members.
Find out more information about Future Retail here.
Retail Analysis Asia