Shimla: Competition in the retail sector just got intense in the hill capital as Vishal Retail today launched its mega mart mini hyper market here today.
At a conference call Vineet Bajaj, regional head Vishal Retail said that Shimla has become the 56 city on the map of their retail chain. The 11,000 square feet store is the second on for the chain in the state, after having already established one in Baddi, he said.
The store caters to the family needs of lower to upper middle class segments and has sections like garments, FMCG, groceries, kitchen appliances, kids and sports, said Bajaj.
Besides Shimla another stores was opened in Agra today, he said. On an expansion drive, the group has opened 79 stores around the country which include cities like Delhi, Kolkatta, Mumbai, Hyderabad and Bangalore.
North of Delhi the chain also has stores in Panchkula, Ludhiana, Patiala, Jalandhar, Jammu, Bhatinda and Rudrapur in Uttrakhand, he said.
The chain already has over 18,00,000 square feet of retail space across the country and expects to have more than 80 stores in place before the end of the fiscal year.
Starting out with one store in 1978 from Kolkatta, Ram Chandra Agarwal, group owner, launched the retail chain in 2001 by opening the first mega store in Delhi. Against a turnover of Rs 288 crore in 2005-06, the retail chain recorded a whopping jump to Rs 600 crore in 2006-07.
As Editor, Ravinder Makhaik leads a team of media professionals at Hill Post.
Spanning a career of over two decades in mass communication, as a Documentary Filmmaker, TV journalist, Print Media journalist and with Online & Social Media, he brings with him a vast experience. He lives in Shimla.
I purchased few stuff from there really nice and comparatively pretty cheaper. Moreover, what appealed me most is that we can get everything under one roof and is on road head, which is a brighter side for Vishal Retail in competition to others over here.
Where exactly is this store located?
@ NITYIN
The Store is located on the highway near the Secretariat Building in Chota Shimla in the huge complex built by Moon Hotel.
The store management even claimed to have a parking for 200 vehicles, which could not be verified.
Sorry guys I take back my words about the price and the quality of things. The opening prices were low but now I din see any appealing stuff. Thou there are lots and lots of stuff but many people have faced the problem of the quality of goods purchased from there.
So, KEEP YOUR EYES WIDE OPEN TO NOTICE ANY MINUTE DEFECT IN THE STUFF YOU PURCHASE!