While merging with Bharti Retail, Future Lifestyle Fashion Limited is planning to open around 15-16 stores of Big Bazaar and 18 large format stores and 200 small stores of Bharti Retail in the coming year.
Speaking with Retailer Media, C P Toshniwal, Executive Director & Chief Financial Officer, Future Lifestyle Fashion Ltd. said “These small Bharti stores will be mostly in smaller cities in Punjab, Haryana and Eastern UP and the larger stores will be spread all across metros and small cities in the country.”
The company is investing around Rs 20cr for each Big Bazaar store and Rs 2 cr for small store respectively. These small stores will be spread across 2,400 sq ft of area and the larger stores will be spread across 40,000 sq ft of area.
By the end of 2016 the company is aiming to have 240 stores of Big Bazaar.