Fu­ture Group en­ters Tier 2, 3 Ci­ties

Perfect Sourcing - - Retail News -

Fu­ture Group is now open­ing smaller stores in tier 2, 3 ci­ties. Fu­ture Re­tail’s pri­vate la­bels cur­rently con­trib­ute 35% to the over­all sales of the com­pany and with this ex­pan­sion it is eye­ing the sales to dou­ble and touch 65% in the next five years. The com­pany’s profit jumped 108 per­cent to Rs 147.85 crore (ap­prox $23.1 mil­lion) for first quar­ter ended 30 June 2017 wit­ness­ing an 18 per­cent rise in in­come to Rs 4,707.44 crore (ap­prox $737 mil­lion). Fu­ture Re­tail op­er­ates 893 stores across Big Bazaar, FBB, easy­day, Food­hall, ezone and Home Town in 246 ci­ties across In­dia.

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