India's Largest Database on New Projects
HyperCity Retail to focus on multi-channel format
12 May, 2008: HyperCity Retail has called off plans to launch convenience formats, ExpressCity, announced last year. The retailer is instead shifting its growth plans to focus on the big box format and multi-channel retailing.
The current crop of convenience formats, including Subhiksha, Reliance Fresh and Spencers, are struggling with the challenges of operating a low-margin grocery business in the face of spiralling real estate costs, high supply-chain costs and tough competition from the traditional formats.
Source: Economic Times