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New chain of retail stores by Sahara Group
by nicolasbell on Jun 6, 2011
The Sahara Group which has interests in finance, entertainment, real estate and media is all set to launch a chain of retail stores across the country. This time the conglomerate plans to launch hypermarkets in carefully selected locations across the country under the brand name Sahara Q. The hypermarkets will sell consumer products, including Sahara’s own range of packaged goods such as detergents and soaps, as well as insurance and mutual fund products.
According to reports India’s retail sector is estimated at $350 billion and is growing at 30-40 per cent a year. Out of which the organized retail penetration in India is estimated at 5-8 per cent. Companies in India’s hypermarket format include Aditya Birla Retail, which runs around nine hypermarkets, Reliance Retail, Tata’s Trent, which operates the Star Bazaar stores, Shoppers Stop’s subsidiary HyperCity Retail, and Kishore Biyani’s Pantaloon Retail which runs Big Bazaar. Many of these hypermarkets are...Read More >>
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New chain of retail stores by Sahara Group
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