Avenue Supermarts, which operates D-mart, has about 120 outlets. It recently launched a mobile app and website to better compete players like Big Bazaar and Grofers, retailanalysis.igd.com reports. Ahead of a public listing offer, the retailer is beefing up its operations in multiple locations to offer delivery and pick-up for its online channel. It is now in a pilot phase with the new service, which will soon be expanded to all 26 cities where it has a presence.
The retailer owns the property for 90% of their stores. It has also chosen to open stores in suburbs and small towns to manage costs. It is a significant advantage over other retailers which are leasing their stores. Reliance, for example, has had to close 60 loss-making Fresh stores in 2016, many of which were facing higher costs from lease renewals.
The Paypers. All rights reserved. No part of this site can be reproduced
without explicit permission of The Paypers(V2.3).