Retailigence

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Subhiksha to foray into eastern India

Posted by retailigence on October 5, 2008

Food and grocery retail chain, Subhiksha, plans to expand its wings in the east soon, a top company official said.

“The company is already present in the north, south and western regions. To make its presence felt in the east, we will soon foray into the east,” Subhiksha’s Senior President, Sunil Kataria, told reporters here.

The company plans to set up a store in Kolkata by December, he said.

Currently, the company has around 1,580 supermarkets under its Subhiksha Retail brand in more than 100 cities. It plans to enhance this network to around 2,200 stores by the end of the current fiscal.

The company intends to achieve a turnover of Rs 4,500-crore this fiscal as compared to Rs 2,305-crore posted in the previous financial year.

Source: The Hindu

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