Spread across a massive area of 25,000 sq. feet, the Karnal store will cater to every family's day-to-day needs, with the aim to provide Wholesale Rates to all customers on all products every day and insulate them to the extent possible from inflation and price increase.
Announcing the launch, Mr. 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 4th 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 opening of new stores and adding another 1 lakh sq–ft of retail space. Savemaxis further planning to increase its footprints pan India in 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.
Savemax Wholesale, established in 2011, is relatively a new entrant in retail providing wide range of food items like fruits, vegetables and groceries, personal and home care products, home furnishing, sports items, cookware, etc. It is the first retail chain to introduce wholesale business model, which primarily focuses on Business to Consumer (B2C) customer and caters to Business to Business (B2B) segment also. Savemax has three retail stores in Delhi. The company launched its first store in December 2011 in Sector-11, Dwarka. The second store was launched in Sector-10, Dwarka in April 2012. The company has also launched its first wholesale business model with various facilities such as, live bakery counter, large aisle spaces, comfort of good parking and ambience in Kalkaji, which is the third store.