Hotline: 1800 102 2007
X
Search Business Opportunities
May, 28 2018

Future Group to open 10,000 small stores For more Revenue

The 10,000-store target is 10-times the number of smaller outlets that Future Group runs. The group has an annual turnover of about Rs 30,000 crore.

As a part of its strategy to increase ten times more revenue to Rs 60,000 crore, country’s biggest retailer, Future Group is planning to open 10,000 small stores, its founder Kishore Biyani said, without specifying a time-frame.

According to Biyani the company plans to dot the country with small-format ‘Easyday’ branded stores in the range of 2,500 sq ft, and the membership-based format plans to enroll about 20 million members.

The company has 1,700 stores, which include a combination of small and large outlets. The 10,000-store target is 10-times the number of smaller outlets that Future Group runs. The group has an annual turnover of about Rs 30,000 crore.

The retailer is also piloting in three of its ‘Nilgiris’ outlets, a facility where consumers can scan the barcodes of products using a mobile application and the goods will be delivered to their homes.

“It is scan-and-go and it is cashless checkout, as payments are done through wallet and other digital means,” Biyani said in while attending the group’s strategy meeting in New Delhi.

Last year, Future Group had converted the network of stores it had purchased from Bharti Retail and through some other acquisitions and folded them under membership-based Easyday Club, where member pay an annual fee of Rs 999 and get about 10% discount on purchases.

Now, Future Group will expand that membership card to discounts at its other stores including, Central, Big Bazaar, eZone and other formats.

Biyani said the company is also testing where consumers can place an order on Future Group networks through WhatsApp messaging.

Comment
image
Related opportunities
  • Tea and Coffee Chain
    About Dr. Bubbles: Dr. Bubbles is one of the few dedicated..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Kids Entertainment Zones
    About Us: Little Kickers is UK’s biggest and most successful pre-school..
    Locations looking for expansion Oxon
    Establishment year 2002
    Franchising Launch Date 2002
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Blewbury Oxon
  • Gyms and Fitness Centres
    About Us: VIVAFIT concept is to provide health and well-being in a..
    Locations looking for expansion New Delhi
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi New Delhi
  • Others Food Service
    About Us: Noodle Panda is India’s first premium Noodle Bar to..
    Locations looking for expansion Karnataka
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities