Bharti Retail to double store count by year-end
Bharti Retail, owners of Easy Day stores, is on an expansion spree after mostly restricting its presence to Punjab for almost three years, amid reports that the country may finally allow foreign investment in multi-brand retail. The retail arm of Bharti Enterprises, which has a joint venture with world’s largest retailer Wal-Mart in the cash-and-carry [...]
Bharti Retail to enter south soon, looks at west too
Sunil Mittal’s Bharti Retail plans to roll out stores in South India soon, as part of its plans to become a national retailer, sources in the know have said. Bharti Retail had already signed three-four properties in the southern states and was looking at booking spaces for around 50 stores by the year end, said [...]
Bharti Retail enters Jaipur, lines up $2 bn for expansion of retail in India
Sunil Mittal-promoted Bharti Retail entered Rajasthan by launching the state’s first compact-hyper store ‘Easyday Market’ in Jaipur. The company currently has 63 stores in cities across Punjab, Haryana, Rajasthan, Uttar Pradesh and New Delhi. These stores are of two formats Supermarkets, which are known as “easyday”, and Compact Hyper, which are known as “Easyday Market”.
“Our [...]
Bharti Retail Targets 1000 crores
According to a top official of Bharti Retail, post completion of its rollout in northern zone, Bharti Retail will look at expanding in the western and southern zones.
“From January 2011, we will expand in different regions and are considering options now,” Bharti Enterprises vice-chairman and managing director Rajan Bharti Mittal said.
Although we have not finalized [...]
Bharti Retail aims for 40% revenues from private labels
wholly-owned retail arm of Sunil Mittalâs Bharti Enterprises, is planning
to shore up revenue from private labels at its stores to match the global
industry benchmark.
While private labels now account for about 16
per cent of revenue, the company plans to ramp this up to near 40 per cent over
the next three years. This was indicated by Bharti Enterprises vice-chairman
& managing director Rajan Bharti Mittal.
He was talking to
reporters on the sidelines of a Ficci meeting in Kolkata on Friday. Iconic US
retailer Wal-Mart StoresâBharti Retailâs JV partner for the cash
& carry ventureâis also exploring opportunities to source and sell
Bhartiâs private label brands across Wal-Mart retail outlets globally.
Incidentally, Bharti Retail has already introduced two of
Wal-Martâs top-selling private labels, George (apparel) and Great Value
(staples), in its stores.
Bharti Retail operates some 70 outlets
across two formatsâneighbourhood stores called âEasydayâ and
compact hypermarket outlets called âEasyday Marketâ. The joint
ventureâBharti Wal-Mart Pvt Ltdâruns a wholesale cash and carry
outlet, âBest Price Modern Wholesaleâ, at Amritsar.
Mr
Mittal said all private labels sold in Easyday stores and Best Price Modern
Wholesale is sourced out of India.
âAs we develop our retail
business and partnership with Wal-Mart, there are opportunities to increase the
number of Wal-Mart private labels in our stores and sell some of our private
labels to Wal-Mart for their global operations. We are looking at such
cross-pollination of business,â he said.
Mr Mittal said
Wal-Mart sources products from India worth nearly $1 billion for its global
operations. âHowever, more than 90 per cent of the products which will be
sold through the Best Price Modern Wholesale outlets will be sourced from
India,â he said.
Bharti Retail is also in track with its
expansion plans to set up 200 Easyday stores by December 2010. Next year, it
plans to roll out stores in Rajasthan, the National Capital Region, Uttar
Pradesh and Madhya Pradesh.
âWe plan to enter expand into
either south or west India in 2010 in line with our plan to generate Rs
1,000-crore revenue from the retail business by fiscal 2011,â said Mr
Mittal.
