Savemax has expanded its footprint in Haryana by launching its store near Nirmal Kutia Chowk on NH – 1 in Karnal. This is the fourth store by Savemax in India. Following the success of its existing stores in Delhi, the new store has a wide range of food items like groceries, processed food, and bakery. Apart from providing food items, the Savemax store will offer readymade garments, personal and homecare products, home furnishings, sports items, cookware, etc. In addition, the store has an exclusive Live Bakery for providing freshly-baked assortments for the benefit of its customers.
Announcing the launch, Vaibhav Singhal, CEO, Savemax, said, “We are delighted to launch our first store in Karnal and the fourth in the country. It has been our endeavour to enhance customer experience at our stores with superior merchandise and service. The launch of Savemax’s fourth store is a significant achievement for us and underlines the importance of this historical city for Savemax. Our store will offer customers efficient management, high service standards, best quality products and wholesome shopping experience with consistency in Prices on All Products for All Customers Every day. We are driven by the philosophy of offering the same value to every customer on a daily basis and not on specific days.”
Savemax is entering UP and possibly Punjab this financial year with the opening of new stores and adding another 1 lakh sq. ft. of retail space. Savemax is further planning to increase its footprints pan India in the coming two years by opening 15–20 new stores in various states. The company is looking at a capital expenditure of Rs.500 crore to achieve this goal. With the launch of these stores, Savemax will have an area of over 7 lakh sq. ft. of retail space.
