Big Bazaar to add 15 new stores; shuts down two Ahmedabad stores

September 7th, 2008 · 5 Comments

Big Bazaar, one of the country’s biggest hypermarket, value chain of Kishore Biyani-led Future Group, is investing around Rs 1,500 crore to set up 15 more Big Bazaar stores in three months.This will take the number of Big Bazaar stores in the country to 112 by November, 2008 against a target of 145 stores by June, 2009.

“We have zeroed in on several new and existing markets for the 15 stores that we plan to open by end-November,” said Rajan Malhotra CEO Big Bazaar.

The new stores according to a PTI report would come up in places like Mysore, Pune, Cuttack, Kolkata, Chandigarh, Agra, Faridabad, Surat, Nashik, Mumbai, Delhi and Solapur. Some of these locations could even have two sores, added Malhotra.

Big Bazaar had recently clocked a record turnover of Rs 105 crore on a single day last month during its 5-day Maha Bachat promotion campaign. The group had also recorded a record business of Rs 350 crore during the period.

In a related development, the reasons for which are yet to be ascertained, Big Bazzar, has recently decided to close two of its stores at Ahmedabad. While, the first store at Bapunagar is alreay closed the second at Shyamal Crossing is in the process of being closed.

Tags: Indian · FMCG · Restructuring/ Consolidating · Value/ Discount Store · Expansion/ Investment/ Launch · Hypermarket/ Supercentre · Apparel · General Merchandise · Kishore Biyani (Future Group)

5 responses so far ↓

Niraj Jha // Sep 9, 2008 at 10:33 pm

Its a shocking news that Big bazaar had to closed down two of its stores in Ahmedabad. ‘Hope it is not on account of poor sales. Can anyone throw some light on why and how this happened.
Mayank Bhatt // Sep 19, 2008 at 10:42 am

The store was shut down not because on account of poor sales, but because three years’ lease period of the property had expired. The company is considering to open more outlets across the country

Further, the company has decided to merge its Bapunagar store with another store at Kankaria. This will result in expansion of the later from 60,000 sq feet to 1,10,000 sq feet
Jyothi // Sep 20, 2008 at 10:49 am

Is retail business in India under pressure with the closure of two big bazar outlets in Ahmedabad? What happened with demand forecasting in this case?
Jagannath ojha // Sep 20, 2008 at 7:00 pm

i think it is right startegy , after doing a proper study of market they can hire some specialist retail proffessionals and can do buisness with low cost. but i m not in for if they are thinking to close down the buisness . because it will hamper the image of organisation as well as kill some fixed cost.
s.prakash // Oct 11, 2008 at 11:01 am

The Indian shopping malls are mainly concentrating on location & interior decoration rather than products, design, and pricing. It will take long to provide western way of shopping.