Pantaloon to focus on top 16 cities
Pantaloon Retail India Ltd, the country’s largest retailer, has decided to consolidate its business in the top 16 cities and a surrounding network of secondary cities.
The decision implies that the retailer would be exiting from smaller towns that don’t fit into this network. Analysts say that the consolidation would help Pantaloon Retail improve profitability as it looks to get investors on board to reduce its debts.
Pantaloon has a retail footprint of 1,200 stores is spread across 17 million sq. ft in 90 cities and 60 villages. Currently, the top eight cities account for 60% of its presence as well as revenue. While, the primary focus is on 11 cities, in future emphasis will extend to 16 cities.
Commercial real estate, commercial real estate market, Pantaloon Retail, Pantaloon Retail India Ltd, Pantaloons, retail industry in India, Retailers, Retailers in India
