Tuesday 7 January 2014

Future Retail expects revenue growth of 10% in current financial year

Future Retail (formerly known as Pantaloon Retail (India)) is expecting a revenue growth of around 10 percent in the current financial year (2013-14), touching Rs 11,000 crore. The company is also looking at a turnover of Rs 13,000 crore in the next financial year.

Future Retail currently has 165 Big Bazaar stores with a total retail space of over nine million sq ft. The company has around 300 stores in different formats across the country, with a total retail area of 11 million sq ft. It is now eyeing to open 35 new Big Bazar stores across the country over the next 18 months, adding one million sq ft of retail space.

Future Retail is India’s leading retail chain and part of Indian conglomerate Future Group. It operates retail space spread over 11 million square feet. It has a network of more than 1000 stores across 63 cities in India and has employee strength of 30,000 people.

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