Pantaloon Retail (India) is planning to increase the size of Big Bazaar network from 41 at present to 100 in the next nine months with an estimated investment of Rs 1,000 crore. The number of Big Bazaars in the South would go up to 30 from the present 11.
Addressing a press conference here on Friday to mark the launch of the 41st mart in the country, Mr Rohit Malhotra, Head of Operations (South), said the company would also focus on Tier-II cities for expanding the `value retailing' format, besides strengthening its presence in major cities. It would open 5-7 more Big Bazaars in the twin cities of Hyderabad and Secunderabad.
The 52,000-square feet shop, the second one in the city, put on display more than 1.6-lakh products. "It will house the complete range of products that a middle-class household needs," he said.
The Big Bazaar network contributed a turnover of Rs 2,000 crore last year, with the South contributing Rs 800 crore. The second store in Hyderabad was set up at a cost of Rs 15 crore. The company targeted to register Rs 100 crore turnover at the shop.