Kishore Biyani owned Future Group, which currently has 31 formats under India’s biggest public traded company Pantaloon Retail, will set up an all-formats-included mega-store in Kolkata. Such mega-stores, which could have a floor space of around two lakh sq ft, are currently operational in Mumbai and Ahmedabad. These stores could be part of a mall or a stand-alone store. These stores would be developed by Future Group’s realty development arm, Kshitij reports Business Standard.
Only some of these 31 formats are presently deployed, which clubbed into groups, are featured either at the group’s lifestyle offering Pantaloons or value offering Big Bazaars. Some of these formats like Food Bazaar and Fashion Station are also deployed independantly.
The Rs. 1,868 crore, Biyani flagship Pantaloon, has about 140 stores in operations today. It is planning to open 4,000 new stores by 2010 and achieve an annual turnover of Rs.30,000 crore rupees ($6.6 billion) by 2011.