Star Localmart, part of the Sanjay Ghodawat Group, plans to expand to 130 stores by March 2025. Over the next 5 years, they aim to open 3,000 stores in Maharashtra, Karnataka, Goa, Telangana, Madhya Pradesh, and Gujarat, according to a media release on Friday, November 8.
Star Localmart operates 80 stores
While making an announcement, Shrenik Ghodawat, managing director of Star Localmart said, “The aim is to reach every small town and village, offering a seamless shopping experience and redefining neighbourhood convenience.”
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“We are dedicated to making convenience, affordability, and customer satisfaction the heart of everything we do, especially in communities where these options matter most,” he further said.
For now, the brand runs over 80 stores in tier-3 and tier-4 towns in Maharashtra and Karnataka, each ranging from 1,000 to 1,500 square feet.
As India moves towards becoming the world’s third-largest retail market, 2024 is set to be a big year for the industry. With more disposable income, fast urbanisation, a growing middle class, and tech-savvy consumers, the Indian retail sector looks like a great investment opportunity for both local and global companies.
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