Bharti Walmart, the joint venture between Bharti Enterprises and Walmart Stores Inc for wholesale, business-to-business and cash-and-carry operations in India, today launched its Best Price Modern Wholesale store in Rajahmundry. Arvind Mediratta, Chief Operating Officer, Bharti Walmart, inaugurated the store.
Spread over 53,000 square feet, the Best Price Modern Wholesale store in Rajahmundry is situated at R.S.No 402-B, Next to ONGC Base Complex, NH 5 Rajahmundry , and offers best fixed and fair prices with unmatched convenience, choice, quality, hygiene, and selections.
The store is a one-stop business-to-business store that meets the day-to-day needs of restaurant owners, hoteliers, caterers, fruit and vegetable resellers, kirana stores, offices and institutions.
Best Price Modern Wholesale store will stock over 5000 items, including a wide range of fresh, frozen & chilled foods, fruits and vegetables, dry groceries, personal and home care items, hotel and restaurant supplies, apparel, office supplies, electronic goods, and other general merchandise items.
Several products available have been locally sourced from Rajahmundry and surrounding areas including Paper, Snacks & confectionaries, Dairy, frozen and bakery, Personal care, Tobacco.
Also, some of the Private Label items available in the store that are sourced locally includes Pickles, Rice, Stationery, Maida, Besan, Idli and Dosa mix, Atta, Pulses, Spices and Ghee.
Arvind Mediratta, Chief Operating Officer, Bharti Walmart, said, “We are delighted to set foot in the ‘Born City’ of Andhra Pradesh, Rajahmundry. It has been our constant endeavour to enhance shopping experience for our members with superior quality merchandise, service and the overall modern retail shopping practice that our stores have offered since 2008.
We will help kirana stores, small & medium businesses, hotels, restaurants and institutions save money, so they can pass the benefits to their consumers and help them live better. Also, Bharti Walmart will source a large number of products locally, thus benefitting the local industries, and help create direct and indirect employment opportunities.”
Under the umbrella of Bharti Walmart’s own private brands, nearly 350 items of assured quality are available at great prices across various categories. Private label brands such as “Right Buy”, “Member’s Mark” and “Bakers & Chefs” provide the store members with a unique opportunity to increase their profits.
While Right Buy range offers good quality products across food, grocery, cleaning aid and general purpose products, Member’s Mark range offers premium quality at attractive prices as compared to national brand equivalents. Bakers and Chefs range is especially designed to cater to hotel, cafes and restaurant needs.
All products are available at competitive wholesale prices. The assortment, service and layout of the store are customized to the specific needs of members who can source high quality products in the quantities they need.
This will allow retailers and business owners to efficiently manage their inventory and lower their operational costs. People of nearby towns and villages will immensely benefit from this store. Besides generating nearly 170 direct jobs, the store has also generated indirect job opportunities for approximately twice that number of people locally.
India Infoline Research Team / 14:59, May 20, 2015
GPIL reported 13.5% yoy decline in operating profit as the impact of higher volumes was offset by lower product prices