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LOTS Wholesale Solution, a wholly owned subsidiary of Thailand-based Siam Makro Public Company, will adopt a cluster approach and focus initially on launching stores in the northern region in the country. The company opened its first cash-and-carry store in the country New Delhi.
The B2B retail chain plans to open 15 stores in the next three years in the northern region. The company had earlier also said that it will invest ₹1,000 crore for expansion in the next five years.
Tanit Chearavanont, Managing Director, LOTS Wholesale Solutions said, “Our plans to open 15 stores in the next three years are on track. We plan to have three stores in the Delhi-NCR region operational by the end of this year.”
The company will next look at States such as Uttar Pradesh, Rajasthan and Punjab to grow its footprint in India. Its stores will cater to registered members including hotels, restaurants, kirana stores institutions and MSMEs.
“One of our key focus will be on sourcing and offering fresh food products to our consumers and we are investing in developing cold-chain infrastructure. Grocery is a sizeable portion of our business. We are also looking at increasing sourcing from India to be exported to our operations in Thailand,” he added. The cash and carry stores of the company will offer products in categories such as food and beverages, kitchenware, household appliances, home decor among others.
The company also plans to launch its e-commerce platform for its registered members soon.
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