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Subiksha to add thousand outlets in 2007

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Discount retail chain Subiksha, is said to be gearing up to take its store tally to 1,000 by the end of 2007. The company which follows the Every Day Low Price (EDLP) model is going to enter its second phase of expansion with its entry into Haryana, Punjab, Uttar Pradesh, Madhya Pradesh and West Bengal.

Subiksha Trading Services is said to complete its 600-store target with Maharashtra, and will soon activate its phase two of expansion plans opening outlets in five more states. It has achieved the 500-store mark in its initial phase of expansion in Maharashtra, Delhi, AP, Karnataka and Gujarat.

The company operates in four chief verticals, fruits, vegetables, pharmaceuticals, FMCG and telecom.

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