Great offers on over 1000 brands; Loads of entertainment.
Expected revenue over Rs.700 crore; more than 2 crore shoppers expected to walk-in
December 10, 2008: The Future Group, today announced the launch of 'The Great Indian Shopping Festival', a never before shopping event for consumers, at it’s retail stores across the country. It is the first time that a shopping festival of this magnitude has been organised on a countrywide basis. Future Group expects over two crore shoppers to visit its stores across the country during the shopping festival, from the December 13, 2008 to January 4, 2009 and generate revenue of Rs.700 crore during the period. Said Kishore Biyani, Group CEO, Future Group, “We at the Future Group believe that India’s personal consumption will be the engine for its development. Consumption will be the power behind our journey to become 'sone ki chidiya' once again. Our belief in the growing aspiration of the average Indian customer continues to hold strong, even in this global scenario. 'The Great Indian Shopping Festival' is our attempt to provide that impetus and incentive to consumers to go out there and shop. We are giving fabulous offers and great entertainment, to make shopping experience exciting for the entire family.”
'The Great Indian Shopping Festival' is a jumbo combination of offers on ove 1000 brands, along with entertainment and fun. All Future Group retail formats will participate in the shopping festival including the flagship formats – Big Bazaar, Food Bazaar, Pantaloons, Central, HomeTown and eZone; as well as other formats such as – Depot, LootMart, Brand Factory,Scullers,Urbana, Indigo Nation, One Mobile, Staples, Etam, Lee Cooper. Food and fun places such as Bowling Company, Sports Bar, Copper Chimney, F123 are also part of this festival.
Future Group, led by its founder and Group CEO, Mr. Kishore Biyani, is one of India’s leading business houses with multiple businesses spanning across the consumption space. While retail forms the core business activity of Future Group, group subsidiaries are present in consumer finance, capital, insurance, leisure and entertainment, brand development, retail real estate development, retail media and logistics.
Led by its flagship enterprise, Pantaloon Retail, the group operates over 11 million square feet of retail space in over 63 cities and towns and 65 rural locations across India. Headquartered in Mumbai (Bombay), Pantaloon Retail employs around 30,000 people and is listed on the Indian stock exchanges. The company follows a multi-format retail strategy that captures almost the entire consumption basket of Indian customers. In the lifestyle segment, the group operates Pantaloons, a fashion retail chain and Central, a chain of seamless malls. In the value segment, its marquee brand, Big Bazaar is a hypermarket format that combines the look, touch and feel of Indian bazaars with the choice and convenience of modern retail. The group’s speciality retail formats include- books and music chain - Depot; sportswear retailer - Planet Sports; electronics retailer - eZone; home improvement chain - HomeTown; and rural retail chain - Aadhar; among others. It also operates the popular shopping portal, www.futurebazaar.com.
Future Capital Holdings, the group’s financial arm provides investment advisory to assets worth over $1 billion that are being invested in consumer brands and companies, real estate, hotels and logistics. It also operates a consumer finance arm with branches in 150 locations. Other group companies include, Future Generali, the group’s insurance venture in partnership with Italy’s Generali Group, Future Brands, a brand development and IPR company, Future Logistics, providing logistics and distribution solutions to group companies and business partners and Future Media, a retail media initiative. The group’s presence in Leisure & Entertainment segment is led through, Mumbai-based listed company Galaxy Entertainment Limited. Galaxy includes leading leisure chains, Sports Bar and Bowling Co. and family entertainment centres, F123. Through its partner company, Blue Foods, the group operates around 100 restaurants and food courts through brands like Bombay Blue, Spaghetti Kitchen, Noodle Bar, The Spoon, Copper Chimney and Gelato. Future Group’s joint venture partners include - US-based stationery products retailers - Staples; French lingerie retailer - Etam; Middle East-based Axiom Communications and India-based Blue Foods, Liberty Shoes, Talwalkars’ and Asian Electronics.
Future Group believes in developing strong insights on Indian consumers and building businesses based on Indian ideas, as espoused in the group’s core value of ‘Indianness.’ The group’s corporate credo is, ‘Rewrite rules, Retain values.’
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