Add-shop E- Retail opens 4 new C-;F and 26 new franchises; stock plunges to new 52-week low

1 Aug 2022 , 03:14 PM

Add-shop E-Retail Ltd announced that it opened 4 new C&F stores and 26 new franchises in Karnataka during July 2022, as the state has a lot of potential for the company’s business.

The company stated that this will boost its retail operations. It is currently experiencing a positive response towards its products. The company further noted a fantastic response towards both ayurvedic healthcare products and our agricultural products.

As Add-shop has already established itself as an e-commerce platform. It has created a tremendous chain between the company and franchise members to deliver goods to their doorstep. This enables its members and business partners to do business from anywhere at their fingertips. With this platform, the company is able to manage its business smoothly and provide customer satisfaction.

The company has a vast distribution network of more than 1,250 franchises spread across India.

Furthermore, the company has a large customer base, which provides a solid foundation for marketing its products to them. Such a distribution network would be a significant growth driver for the company.

At around 3.19 PM, Add-shop was trading 5.14% lower at Rs98.80 against its previous close of Rs104.15 on BSE. In today’s trade, the counter hit a new 52-week low of Rs97.75.