Delhi-based Nysaa Retail Pvt. Ltd, which operates a chain of ‘Value Retail’ stores under the brand name “1-India Family Mart” across Eastern and Northern India has stepped up its expansion plans. The value retail chain in India plans to invest Rs 200 crore and open around 100 stores in the next two fiscal.
1-India Family Mart currently has 56 stores across Uttar Pradesh, Bihar, Jharkhand, Chhattisgarh and the North East. It looks to expand and accumulate around 12 lakh sq. ft. of retail space by 2020.
“The plan is to expand and accumulate about 12 lakh sq. ft. of retail space by 2020 from the present 4.25 lakh sq. ft. Following the opening of the new stores, we expect to record net revenue of about Rs 750 crore in 2019, which will further increase to Rs 900 - 1,000 crore by 2020,” said Jay Prakash Shukla, a retail veteran and the founder & CEO of 1-India Family Mart.
1-India Family Mart also uses big data insights to analyse customers’ buying habits and trends. So far, the company has already implemented this in 35 stores to predict customers’ frequency of visits, buying behaviour, instant preferences & repetitions and also plans to apply in its other stores too.
Also, the company is looking for firms with a “right fit” for strategic acquisitions.