Aditya Birla Retail Limited re-brands its Fabmall grocery supermarkets to more., a name reflective of its commitment to offering consumers a more fulfilling retail experience. The re-branding follows the acquisition of the Trinethra Super Retail that includes the retail brands Fabmall, Trinethra and FabCity by Aditya Birla Retail in January 2007. As a result of the integration process, 68 Fabmall stores in Karnataka will be re-branded under the umbrella of more., the retail brand from the Aditya Birla Group.
With the underlying objective to enhance the shopping experience for consumers, the new stores will continue to be built around the proposition of quality, affordability and convenience with new in-store merchandise and a whole new retail experience. The more. stores will offer a wide range of product categories including fruits and vegetables, staples, personal care, home care, household general merchandise and dairy products.
Speaking on the occasion, Mr. Sumant Sinha, CEO, Aditya Birla Retail Limited said, "The retail market in India is reaching a point of saturation. With the endeavour to improve the shopping experience for our consumers, we promise more satisfaction for every consumer at our store. We are happy to unveil our new retail brand and will continue to offer more value to customers. This is an exciting period for the Indian grocery retail industry and we are delighted to participate in the growth of the market."
The acquisition of Trinethra Super Retail has provided Aditya Birla Retail with a strong retail footprint in South India extending to 275 stores and over more than half a million square feet in Andhra Pradesh, Karnataka, Tamil Nadu and Kerala, where it is the leading food and grocery retailer. Currently Aditya Birla Retail has 60 stores in Bangalore, eight stores in Mysore and 10 stores in Mangalore. All Fabmall stores will be re-branded to more. by January end.
Mr. Sinha added that Aditya Birla Retail's vision is to be among the leading retail players in India. With the launch of more. neighbourhood supermarkets, destination hypermarkets which will address monthly and event-based shopping needs will soon follow. The Group already has stores in other parts of India and envisions having a pan India presence covering tier 1 and tier 2 markets in the not-so-distant future.
The more. stores have been developed after in-depth research to understand the needs and expectations of the Indian consumers. more. is the answer to the shopping needs of the Indian housewife who wants a modern and convenient retail destination in her neighborhood, with an attractive and a consistent range of products. more. assures consumers the best quality products at the best market price.
more. also has its own label across value, premium and select ranges. The products follow stringent quality norms and are available in attractive packaging. To ensure the freshest supply of fruits and vegetables to consumers, Aditya Birla Retail is building direct linkages with farmers. It is also investing in back-end infrastructure to develop a robust supply chain connecting households more directly with farmers.
The more. chain of supermarkets is spread over convenient locations and with layouts that allow ease of navigation. The project display is well-organised and facilitates ease of choice. The stores have been designed by Fitch, the leading international retail design firm.
Demographic movements in India over the last two decades have made organised retail a necessity.
The rapid growth of this industry is confirmation that the idea of organised retailing has taken root in India. The industry is today valued at around US $320 billion. Within the organised retail sector, food and groceries account for around 14 per cent of the total market with potential to garner an even bigger share of the market
Aditya Birla Retail Ltd. is the retail arm of the Aditya Birla Group, a US $24 billion corporation with a market capital of US $31.5 billion and in the league of Fortune 500 companies. In May 2007, Aditya Birla Retail Ltd. launched its first store, more. in Pune and currently has 100 stores across the country. With the acquisition of Trinethra Super Retail, the company will increase its retail foothold to 300 plus stores with re-branding of Trinethra and Fabmall stores in South India.
General Manager - Marketing & Branding
Aditya Birla Retail Ltd.
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Dr. Pragnya RamGroup Executive President, Corporate Communications & CSRAditya Birla Management Corporation Private LimitedAditya Birla Centre, 1st Floor, 'C' WingS.K. Ahire Marg, WorliMumbai 400 030.
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