Business Daily from THE HINDU group of publications Thursday, Feb 14, 2008 ePaper | Mobile/PDA Version |
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Marketing
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Retailing Jubilant to grow retail presence in southern cities
Bangalore, Feb. 13 Total Hypermarket and Mall, the retail venture of the Rs 5,000-crore Jubilant Group is looking at South Indian cities to expand its hypermarket footprint in the country. Mr Dinesh Malpani, CEO, Jubilant Group, told Business Line that the company had zeroed in on Bangalore, Chennai and Hyderabad to strengthen its current retail presence, mainly because ‘there’s enough talent here for organised retail’. The Group, which already has two Total super centres in Bangalore, will launch its third one in the city on Friday. “We intend to open at least 8-10 stores per city in the next three years,” according to him. Currently, the Group is investing about Rs 2,500 per sq ft of space, he said. Spread over two lakh sq ft of space, Total super centres have apparel, footwear, consumer electronics, IT products, furniture and a food section. Each super centre also has a brand mall with selling 25-30 brands. The New Delhi-based group is present in two formats in retail: hypermarkets (Total) and supermarkets. More Stories on : Retailing
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