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India’s Future Group closes unviable Big Bazaar stores

Seeking to improve profitability, India’s Future Group closed nine Big Bazaar stores in India last year and revamped or relocated many others. The stores that ceased operations were located in Bangalore, Kharghar and Sangli in Maharashtra, Tinsukia in Assam and Ujjain in Madhya Pradesh. CEO Kishore Biyani told the Business Standard the company needs to make existing stores relevant to consumers.