Leading value retail chain V-Bazaar has announced its foray into the grocery business as a part of its retail expansion. The 72 stores retail major has its operations spread across Bihar, Jharkhand, Madhya Pradesh, Orissa Uttar Pradesh, and West Bengal.
The post-pandemic scenario has enticed the company to sell groceries at some of its stores.
Hemant Agarwal, Managing Director, V-Bazaar, said, “By adding grocery to our current retail fare, we expect an increase in footfalls at our stores. We are trying to be a one-stop solution for the family where they can shop for garments and also buy groceries from our stores.”
V-Bazaar plans to add grocery in some of all its upcoming stores depending upon their location and size. Currently, their average size of stores is 6,000-8,000 sq ft. The new stores with grocery will have 9,000-10,000 sq ft.
The retail major expects grocery to add a 10-15% increase in its total sales revenue.