There are a total of 285 Big Bazaar outlets across the countryFuture Retail will provide groceries and clothes from its primary stores within 2 hours, it stated on Thursday, as the business expands in an e-commerce sector dominated by the likes of Amazon.com Inc.
Future will allow clients to purchase items from its popular hypermarket Big Fete stores in Mumbai, Bengaluru, and New Delhi and later broaden the service to 150 cities, the company said in a statement.
There are 285 Big Bazaar outlets in India.Future, the nation's second-largest brick-and-mortar merchant, has just had small e-commerce presence up until now however plans to utilize faster shipments to broaden in India's fast-growing e-commerce market, which is seen growing by 30 percent a year to $200 billion by 2026.
Popular online grocery service BigBasket, in which Tata Group is seeking to get a majority stake, and Amazon both use fast online deliveries in India.Asked about the competitive landscape, Future Group executive Kamaldeep Singh stated during a media briefing the company would have an edge over other players as it intends to provide a broader range of products from its shops - including food, fashion, and cooking area utilities - within 2 hours.Retail companies, as well as durable goods makers in India, are focusing on strengthening their e-commerce prowess as shoppers progressively move online to buy whatever from clothes to groceries.
Future's strategies come as its companies had a hard time in current months due to the COVID-19 pandemic, forcing it to offer its retail properties to Reliance Industries for $3.4 billion.
The transaction is presently being examined by Supreme Court after Amazon accused Future of breaching some contracts.
Reliance is likewise quick expanding into e-commerce operations with its JioMart online platform