1-India Family Mart plans to focus on retail expansion in the coming decade!
The fashion retail chain is striving to open 100 stores by the year 2022 with a continual focus on Tier-3 and Tier-4 markets.
Besides, new outlets are being planned in Northeastern states of India in addition to opening more stores in West Bengal and Orissa.
To make its retail expansion a success, the firm is investing heavily on training of workforce, revamping of warehouses and positioning of the brand. There are also reports that marketing budget will be increased.
In all probability, the retailer will be launching its IPO by 2022.
There’s more! Apart from investing on latest technologies and processes, 1-India Family Mart has attracted top leadership talent as a part of capability building to match its growth plans.
The retail chain currently has 100 stores across Uttar Pradesh, Orissa, West Bengal, Jharkhand, Bihar, Chhattisgarh as well as Northeastern states.
