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10082008

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10082008

  1. 1. Big Bazaar to score a century BS Reporter / Hyderabad January 6, 2007 Pantaloon Retail (India) is planning to more than double the Big Bazaar stores to reach the 100-mark from the present 41 stores, while substantially increasing its presence in the South besides tier-II cities. Addressing a press conference in connection with the opening of second Big Bazaar store in Hyderabad, Rohit Malhotra, head of south zone operations of the retail arm of Pantaloon, said the company was planning to increase this number to seven stores, besides adding an equal number of standalone Food Bazaars in the city in the next 6-8 months. The company has invested Rs 15 crore in the second store, which has been set up after a gap of five years, and is expected to gross Rs 100 crore turnover in the first year, Malhotra said. Locations for the remaining stores in the pipeline for Hyderabad have also been finalised, he said. He added that the number of Big Bazaar stores would be increased to 30

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