Future Group to Open 10,000 Small Stores, Aims Revenue Jump to Rs. 60 Cr
India's leading retail firm, Future Group has announced to open about 10,000 small stores as a part of its strategy to grow revenue from smaller format stores, its founder Kishore Biyani said in a statement.
The company is aiming to grow revenue than ten times, to Rs 60,000 crore, from about Rs 5,000 crore at present, though the time frame for the target has not been mentioned by the firm.
The mega 10,000 store target is 10 times the small outlets that Future Group runs. With an annual turnover of Rs.30,000 crore, Future Group has 1,700 stores including a combination of large and small outlets.
Interestingly, the retailer is also working parallelly on its "Niligiris" outlets, a facility which will enable consumers to scan barcodes of products using mobile application following del...