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Godrej to increase Nature’s Basket outlets to 40 in 3 years – Retail in Asia

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Godrej to increase Nature’s Basket outlets to 40 in 3 years

India’s Godrej Industries plans to increase the outlets of its premium gourmet stores, Nature’s Basket to up to 40 stores in about three years but has ruled out bringing a foreign partner in the immediate future.

According to Adi Godrej, Chairman of Godrej Industries, the chain has been witnessing increase in same stores sales, which apart from opening new stores has helped in the overall growth of Nature’s Basket.

At present, Nature’s Basket has 26 stores in Mumbai, National Capital Region, Pune, Hyderabad and Bangalore. The company intends to focus on the first-tier cities and is not considering the second-tier and third-tier cities for expansion in the next three years.