NEW DELHI: Kishore Biyani-led Future Group has turned its consideration back on retail operations as its proposed deal with Reliance Retail hangs in balance.
The money-strapped grocery store operator, which is locked in a bitter authorized battle with US retailer Amazon, will ship groceries and attire from its Big Bazaar shops to shoppers inside two hours in a bid to broaden into India’s booming e-commerce area, which is at the moment dominated by the likes Walmart’s Flipkart and Amazon.
Future Group, which operates over 1,500 retail retailers, together with 285 hypermarket-format Big Bazaar shops throughout India, will begin the service in Mumbai, New Delhi and Bengaluru and can subsequently broaden it to 150 cities.
“This exercise will start with Big Bazaar but will extend to our other retail formats as well,” a senior Future Group government advised TOI.
In addition, the nation’s second-largest brick-and-mortar retailer just lately introduced a mega-low cost sale at its shops to be held this month after a niche of greater than a 12 months.
“This two-hour delivery service will let customers order fashion late in the evening and wear it to office next day, or order a new dining set in the afternoon and serve on it to guests at dinner get-together,” mentioned Kishore Biyani, founder and group CEO at Future Group. “A quick and fast home delivery need not just be limited to food products.”
While shoppers have been complaining about empty cabinets and restricted inventory at Big Bazaar shops in a number of pockets throughout the nation, the group’s contemporary retail initiatives have been kickstarted with a push from Mukesh Ambani-led Reliance Retail, which has entered into an settlement with the Future Group to purchase its retail, wholesale and logistics belongings for Rs 24,700 crore.
TOI was the primary to report that Reliance Retail’s on-line platform, Jiomart will provide items to Future Group as one of its largest distributors.
The Reliance-Future deal is at the moment caught in the Supreme Court after Amazon, which owns 49% in an unlisted Future Group firm, Future Coupons, dragged the Future Group to court docket for allegedly breaching contracts by aligning with Reliance Retail, India’s largest brick-and-mortar retailer.