Canvas– part of Delhi-based Om Daily Needs Pvt Ltd, which currently operates two retail chains ’Pratidin’ and ‘Daily Needs’ in and around the national capital– is the brand name of a new stationery products’ retail chain, being launched by the group.Canvas, according to an ET report , will initially launch 100 stationery stores in Delhi and NCR region in the next six months. These stores to be launched under two formats at an investment of Rs 7 to 9 lakhs per store. Both the formats among others will retail office and school stationary, writing instruments, games and gifts.While, the smaller format measuring up to 180 sqft each will be set up as a ’shop-in-shop’ store within the group’s ‘Daily Needs’ supermarket format stores, the bigger will occupying between 300 and 500 sqft will be a stand alone format.
“Our intention is to change the way people shop by offering them more than what is available in the neighbourhood stationary shops. We are focusing more on the franchisee model to partner with the individuals or the smaller stationary stores with an average area of 300 sq ft to 500 sq ft,” said Amit Nigam, COO, OM Daily Needs.
According to Vivek Nanda, MD, OM Daily Needs, “the company is now executing an ambitious expansion plan to open more than 100 franchise-based convenience stores and 100 Canvas Stationary Marts mostly in Delhi and the NCR by the end of this financial year.”
Apart from retailing, Nandas are also into logistics, supply chain management, software and technology.
I think its a move in the right direction with a lott of companies getting into organised retail to push for the product directly to customers lap.
Let the customer decide the winner and not the middlemen who forsake quality products for higher margins.
All the best.
Would love to have their web address or contact details .
Rgds
1 lakh= 100,000
10 lakhs= 1 million
1 crore= 100 lakhs
1 crore= 10 million
100 crore= 1 billion
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1 response so far ↓
K.S.Wasu // Oct 19, 2009 at 11:46 am
I think its a move in the right direction with a lott of companies getting into organised retail to push for the product directly to customers lap.
Let the customer decide the winner and not the middlemen who forsake quality products for higher margins.
All the best.
Would love to have their web address or contact details .
Rgds
K.S.Wasu
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