Kishore Biyani: Idea Is To Cut Down On Cost Of Doing Business

Kishore Biyani On Retail 3.0 To BloombergQuint
• We want to sell more number of stock keeping units (SKUs), targeting more than 3,000 SKUs
• Cost of delivery will come down with these stores
• Model would operate at a sustainable cost
• Our online registration strategy is contributing more than 10-12% to our total revenues
• Not looking at partnership at one single level
• Want to engage at a very holistic level
• We have been in large and small store formats for a long time
• Got all our assets together to build small store strategy
• Whole idea is to build community network around the store
• Hopeful of opening 1,000 stores by the end of this year
• Idea is to cut down on cost of doing business
• These stores will have less cost of production
• Cost will be 40% less than the normal store
• Data from Google will help add members, also create a hyper-local demand
• Local Kirana men are running very small stores, our stores will be much bigger than them
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