Future Group would add six more larger format stores under its Central brand by the end of this year taking its total count to 40.
The company would add more stores in the existing markets as in Mumbai and Bengaluru and also target the emerging tier II & III places. “We are planning to have six more stores by the end of this year. We have plans to add 2.5 million square feet this year,” Future Group CEO Kishore Biyani told PTI. The company is operating 33 central stores in large cities including Mumbai, Benagluru, Hyderabad, Pune and some in small cities such as Indore, Patna, Baroda and Surat. On expansion, he said:”We would continue to focus on tier I & II. Wherever there would be a suitable customer, we would be there”. However, on the location of the Central store, he said it all depends on the right property as it is a large format store and needs more space.