Future Group plans to infuse Rs 100 crore in East India over the next four
months, in setting up new stores and in revamping existing stores to accommodate
new formats.
The company is restructuring its Big Bazaar store on Lee Road in Kolkata and
converting it into a Brand Factory. Once operational, the company also plans to
restructure two to three more stores in the city to accommodate formats that are
not available right now.
Meanwhile, the group will also add another 4 lakh sq ft space to its existing
10 lakh sq ft in the east for Big Bazaar. Pantaloons is likely to add another
40,000-50,000 sq ft in the next four months, to its existing 4 lakh sq ft in
east as well.