Home / Knowledge / News / Fair price to customers at new stores from Future Group
Fair price to customers at new stores from Future Group
09
May '08
In this fiercely competitive world, where each company wants a bigger pie of market share, Future Group is all set to walk away with a huge piece of cake by opening nearly 1500 KB Fair Price stores nation wide.

The Group is planning to launch 'KB's Fair Price' shops in eight major cities within a period of one and half year's. The first outlet was opened in Delhi six months ago and at present, the retail giant is running 67 such stores in cities like Mumbai, Delhi and Bangalore, where around 300 products are sold at a low price.

Sources informed Fibre2fashion that, the Fair Price stores would be a chain of discount shops, where goods will be offered at 10-15 percent lower rate compared to market price. The area required for opening these outlets is around 1000 to 1600 square feet.

The shops will have low operational cost as they will not be air-conditioned and no fancy displays of items would be done for promotion of products which would help in providing goods at lower price to the customers.

The trend of retail stores is picking up fast as major groups like Reliance and Aditya Birla have also entered in this segment. These outlets are attracting good amount of customers because of a combination of low prices and good quality.

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 29th Jun 2017

Amazon intends to keep investing and growing in India

American online retail giant Amazon intends to keep investing and...

Textiles | On 29th Jun 2017

Vietnam’s textile & garment exports cross $10bn till May

Vietnam earned $10... billion from textile and garment exports in the ...

Textiles | On 29th Jun 2017

Indian textile industry will reach new milestone by 2020

By 2020, textile technologies will be highly advanced not only with...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X