German Retailer which introduced the concept of Wholesale / B2B / Cash’N’Carry retailing in Bangalore is catching attention of every other retail giant in India. Reliance has already announced its plans for Cash’N’Carry format. Pantaloon Retail India ltd also announced its intentions to setup stores in this format with thousands of crore in investments. Mr. Kishore Biyani said,
We are developing the Cash-N-Carry model with an overseas partner.
You may recollect, earlier this month Pantaloon in joint venture with American office retailer Staples launched there first Future Office store in Bangalore to retail office supplies to small and medium enterprises in India.