Pantaloon Retail India’s Hypermart format Big Bazaar is rated amongst the Top 10 Most trusted brands in services sector in India competing with others like HDFC etc. Big Bazaar now boast of 116 stores across India making it the largest hypermarket chain in India.
We are in receipt of sales figure from Future Group across various retail stores. There is a turnaround in sales in Value Retail [645 cr +25% MoM] and Lifestyle [154 Cr + 19% MoM] while Home Retail [67 Cr – 23%] is still struggling. One of the main reasons for poor performance in Home Retail chain is the subdued Realty market in India operating as a Lobby and the government being mere spectator.
PRIL also launched 158th Food Bazaar store along with a new private label – Tasty Treat Hot & Sour Soup.
Our Congratulations to Mr. Kishore Biyani and the team for achieving this milestone while rest of the retailers must wake up and try to compete hard.