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    Videocon eyeing Rs 10K crore through Bolld Cash & Carry

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    -promoted Group has planned to join the retail bandwagon through a cash-and-carry venture. The group will launch 16 stores under the Bolld brand and is targeting a turnover of Rs 10,000-Rs 11,000 crore in the next four years.

    Videocon eyes 30 pc sales growth this Diwali
    The company locked in sales of Rs 1,500 crore during the festive period last year and it has been targeting sales of more than Rs 2,000 crore this festive period

    The first Bolld Cash & Carry is scheduled to be launched in September this year. The store will sell products across various categories including food and groceries, consumer durables and apparel.

    , chief executive officer, Bolld Cash & Carry, said: “The company will invest Rs 2,000 crore in the next three years, and we expect a turnover of Rs 10,000-Rs 11,000 crore by the fourth year. We intend to open five stores, measuring 1-1.5 lakh square feet, in this financial year.”

    The first phase will see Bolld opening in leading cities including Hyderabad, Ahmedabad, Bengaluru, Jaipur and Pune.

    “In the second phase, the company will introduce private labels in certain categories like consumer durables,” Mehta said. “Our understanding of the local market will enable us to create a pull for the private labels.”