Future Retail to widen its reach to remote areas: Report

Future Retail is reportedly planning to widen its reach to remote areas through Big Bazaar Direct. In this regard, Big Bazaar Direct is likely to have 250 franchisees by October-end and it doesn’t require additional funding as of now and would roll out 35 stores in the next one year.

The company is planning to sell 1,800 stock keeping units (SKUs) in the beginning. Moreover, the company may sell high margin products like electronics and gen merchandise, while it will not focus on food items which is a low margin business.

Future Retail’s current debt stands at Rs 4,500 crore and it aims to be a debt free company over next two years. Big Bazaar Direct is a new venture by Future Retail, which owns Big Bazaar outlets all over India.