The following is a news analysis from 'The Economic Times' dated March 22,2010.Mr.Kishore Biyani,the king of retail has planned to invest more than Rs.125 crores over the next 6 months to expand the Big bazaar chain of hypermarts.Big Bazaar is a subsidiary of Pantaloons and is headed by Mr.Kishore Biyani the CEO of Future groups.Big Bazaar was started on Oct 2001 and the first outlet was opened in kolkata and the subsequent outlets were added in Hyderabad and Mumbai in the same month.It follows a business model of US based Walmart.The company has 105 retail outlets country wide.Now The future Groups have planned to invest to expand in the eastern region of our country.At present there are 22 retail outlets in the east which will increase to 40 by Oct.Bigbazaar has also created 'Bigbazaar family centre' completely focussed on community Retailing.Future groups have also planned to convert 2 existing stores in Ranchi and Guwahati into Bigbazaar family centres.At present the store is spread over 10 lakh sq.ft of which another 6 lakh is to be added as a part of expansion process.Earlier the focus was on volume sales but lead to entire family shopping basket.As a part of theirexpansion plan they have planned to enter into eastern markets like Patna,Agartala,Bilaspur,Silchar,Gangtok and so on.In kolkata ther are already 7 oulets existing and they have planned to add 7 more.Future group is eyeing around Rs.12000 crore from the private labels by 2012.
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