Kishore Biyani’s Future Group has partnered with Google and Facebook and consulting firm Deloitte for the rollout of its Retail 3.0 initiative. Future Group is the parent of four listed retail entities Future Retail Ltd, Future Lifestyle Fashion Ltd and Future Consumer Ltd and Future Enterprises Ltd which together have a combined revenue of $4.4 billion, Biyani said in a presentation. The tech-enabled EasyDay stores will be members only, with each store having a maximum of 2,000 members. Currently, the average spend of the members at the EasyDay stores is Rs40,000-50,000 per annum, said Biyani. The new EasyDay stores will be opened with assistance from Google, which will help the company in mapping consumer density.

Source: Mint November 21, 2017 20:03 UTC