Rs 1 lakh cash stolen from Big Bazaar office in Ramdaspeth


Rs 1 lakh were stolen from 5th floor office of Big Bazaar in Ramdaspeth on Thursday. Insider job is being suspected in the theft.

According to complainant, Amit Gulabrao Nagdive (33), resident of Flat No. 1505, Tata Capitol Heights, near Medical Square, he worked in the office of Big Bazaar, situated near Panchsheel Cinema, Ramdaspeth. Since Amit had to go to Betul for some official work on Wednesday, he asked the office boy Vijay Sonpotle to bring Rs 3 lakh cash he (Amit) had kept at his house.

Accordingly, Vijay brough the cash in a brown colour bag and kept on the table of Amit around 12.30 pm. At about 3 pm when Amit checked the bag, he found Rs 1 lakh missing. Some unidentified miscreant pilfered the cash from the bag.

Sitabuldi PSI M V Wankhede, based on Amit Nagdive’s complaint, registered an offence under Section 379 and investigating the matter. The job of an insider is being suspected.




Big Bazaar ‘free shopping’ scheme is it a hit or flop


On the occasion of the Gandhi Jayanti, Big Bazaar is back with its Holiday Sale, which will be on till Wednesday. This Holiday Sale is for first-time customers.

On the occasion of the Gandhi Jayanti, Big Bazaar is back with its Holiday Sale, which will be on till Wednesday. This Holiday Sale is for first-time customers. The flagship hypermarket retail chain of the Future Group is offering free shopping where customers can shop for Rs 4,000 and get the entire amount back through cashback and vouchers.

The whole Rs 4000 cashback would be divided into different part and paid back to the customers. Rs 500 would be paid back to their Future Pay wallet, electronics voucher worth Rs 1000, homeware & kitchenware voucher worth Rs 1000, home fashion voucher worth Rs 500, and fashion voucher worth Rs 1000.

The sale would be on in the hypermarkets across 142 cities, at 353 Big Bazaars, Food Bazaar, and fbb. There would be other exciting offers in products like grocery items, home fashion, apparel wear, and electronic products will also be offered. Going by the ‘Har Din Lowest Price’ promise, Big Bazaar has dropped the price of over 1,500 everyday use products.

Speaking about the Public Holiday Sale to DNA, Sadashiv Nayak, CEO, Big Bazaar, said, “With each season of the Public Holiday Sale, we are delighted to see the growing support of our customers towards Big Bazaar. We have not only increased and enhanced our offerings but this year introduced Free

Shopping offer by giving back Rs 4000 value of cashback and gift voucher on shopping of Rs 4000.”



Future Group is planning to open 20 Big Bazaar stores in FY 2019


Future Retail, the retail arm of Kishore Biyani-led Future Group, plans to increase the penetration of small-format stores, said CP Toshniwal, Executive Director, Future Lifestyle Fashions and Chief Financial Officer of the company.

Toshniwal also said the company is planning to open 20 Big Bazaar stores which are their flagship stores having the highest penetration across the country.

Future Retail is currently opening 2 stores a day and plans to open almost 100 small format stores in the current year.

“Right now we are opening 2 small format stores a day; next month onwards we would increase the pace and open 3 stores a day,” Toshniwal said.

Small format stores are Easyday, Heritage, and Nilgiri stores owned by Future Retail.

Toshniwal was speaking on the sidelines of Retail CFO Summit 2018 hosted by Retailers Association of India held in Mumbai today.

He said the company’s overall business is expected to grow at 20 percent in FY19.

Speaking about the 10 percent stake that Kishore Biyani-led Future Retail is looking to sell, Toshniwal said, “FPI (Foreign portfolio investor) route of up to 10 percent is open for a listed player like us. Also, there is a lot of interest in the retail sector. A foreign player coming in will help grow the business faster.”

According to reports, internet search giant Google, American e-commerce giant Amazon, and Alibaba-funded Paytm Mall are all reportedly queuing up for buying a stake of up to 10 percent in Future Retail.

Future Retail posted a profit of Rs 11.3 crore in 2017-18 on sales of Rs 18,478 crore. It expects its online sales to hit Rs 1,000 crore next year.
The company has its footprint across over 300 cities through 1,035 stores.