Just few days back I posted that Walmart is entering SFR (Small Format Retailing) with Marketside chain of stores ( http://bimtech-retail.com/blog/2008/wal-mart%e2%80%99s-marketside-small-format-retailing/ ), and now its turn of India. Vishal Retail, one of the biggest retailers in India has ventured in SFR with first store opened in Indore last week. They are planning to open 250 such stores by the end of this fiscal and 2000 by end of 2009-10. The company already has around 140 hypermarket in 80 cities.
These stores will be of smaller size (1000sqft – 1300sqft) and will be under franchise model, and will be located in metros, tier II and tier III cities. The store will be of three types:
· FMCG Stores: Vishal Dailymart
· Apparel Stores : Vishal Fashion Mart
· Durables & IT Stores: Vishal Technomart
SFR has been majorly part of unorganized sector, but this initiative by Vishal Retail will fuel the growth of SFR in organized retail sector too.
- 
Rajeev Damani 
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