Aditya Birla Retail Ltd (ABRL) is investing Rs 100 crore by March 2015 to open up to 10 large format ‘Hypermarket’ stores as it scales up operations with more product offerings. The company expects its turnover to shoot up significantly as they open 8-10 ‘Hypermarket’ stores spread across metros by next financial year with each store requiring investment of Rs 10 crore. ABRL, which has 16 ‘Hypermarket’ stores, with average store size of 55,000 sq ft, will open three more this year. ABRL’s mega expansion plan will be an added advantage for new business for the signage companies dealing in in-shop displays, designs and other related activities.
