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Future Group to cut Operational costs
| April 27, 2009 |  (Be the first to rate this story!) Loading ... |
Kishore Biyani-promoted Future Group is undertaking a convergence exercise of the back-end operations of its various similar retail formats in order to cut operational costs and enhance efficiency.
“We have been doing it (converging back-end operations) since past six months across multiple formats. We have already achieved much success through it as regards sourcing efficiency, increasing margins and saving on labour,” Future Group President-Retail Strategy Rajan Malhotra told media.
He, however, refused to quantify the margin of savings in manpower and resources achieved due to the initiative. “But we have saved both money and resources by undertaking the exercise,” Malhotra said, without disclosing the formats whose back-end operations have been merged.
According to group spokesperson, “Future Group is getting all the back-end operations for similar lines of businesses or categories together.”
Future Group currently operates over 1,000 outlets under its various formats, including Pantaloons (fashion), Big Bazaar (hypermarket), Food Bazaar (supermarket), Central (destination mall), Brand Factory and Depot among others.
News Published Under: Real Estate India, Retail Market in India |
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