Retailigence

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Bharti-Wal-Mart to expand cash-and-carry chain

Posted by retailigence on February 13, 2009

New Delhi: Bharti Enterprises, in its joint venture with global retail giant Wal-Mart, plans to expand its chain of cash-and-carry stores in the country by opening three more outlets in the current calendar year.

The company will open these outlets, named BestPrice Modern Wholesale, in Chandigarh and Amritsar, while the third location is not yet finalised by the company. “One store (each) will come up in Chandigarh and Amritsar, while the location of the third is being looked at,” Bharti Enterprises managing director Rajan Mittal said.
The company already has a store in Ludhiana, Punjab. While acknowledging that major retailers in the country are facing liquidity crunch, he said, there is no slowdown in the industry as a whole. “There is no roll back on our 2009 retail expansion plan,” he added.

Sources :- Mint

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