InvestorQ : How is the expansion plan panning out by Avenue Supermarts as it takes on the expansion of Reliance Retail?
Anamika Sodhani made post

How is the expansion plan panning out by Avenue Supermarts as it takes on the expansion of Reliance Retail?

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Angel dcosta answered.
1 month ago
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Avenue Supermarts, the owners of the D-Mart retail chain, will boost store count 5-fold although the time frame has not been specified. The idea is to take on the aggressive strategy of Reliance Retail. D-Mart chain currently has more than 284 stores across India but could scale it up to 1,500 supermarkets over the next few years. The online franchise has been a weak spot for the company in the past. D-Mart was built on principle of squeezing costs from suppliers by bulk buying and passing on the discounts to end customers.

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