http://www.thefinancialexpress-bd.com/search_index.php?page=detail_news&news_id=56962
ACI to launch 200 chain-shops as it forays into organised retailing
Mushir Ahmed
Leading conglomerate ACI would launch at least 20 value stores across the country in the next four months, making it the first company to foray into nationwide organised retailing, officials said Saturday.
The company has opened two stores in Dhaka’s Wari and Postagola areas as pilot project and would replicate them across the country once its finds the right ‘sourcing and price’ chemistry to launch Bangladesh’s biggest chain shop venture.
A top official of the agro-chemical-consumer goods company directly involved in launching the project told FE his company is giving the final touches to Fresh N’ Near what he believes would be the creation of Bangladeshi version of Wal-Mart or Tesco.
“At present we are working with the price propositions. We want to make the chain stores affordable for the mass people, while at the same time keeping things fresh and close to the consumers,” he said, speaking on condition of anonymity.
“We have already opened up two stores and would open at least 20 by May. Once we find the right chemistry through experimentation, we have a plan to launch 200 stores in prime locations,” he said.
