16 Supermarkets Gather in Masters Express

8 years, 11 months ago - July 29, 2013
Facing stiff competition by creating a punch on the market for retail. This is the objective of supermarkets that have come together in the sign "Masters Express."

Royal Supermarket in Lallmatie, Score 2000 in St-Pierre, Funny Traders at Riche-Terre, FM Trading in Red Earth ... Many supermarkets already account Masters Express. And this list will soon be called to lie because the sign, entirely local, account group other. What would make 16 in total. 

The reason for this grouping by Anand Ajoodha, supermarket owner Funny Traders, is "to face the tough competition faced by small supermarkets daily, creating a punch on the market for retail." He added that it will be possible to buy wholesale from central purchasing. "This will allow Masters Express to negotiate secure better deals for its members. What, ultimately, reduce operating costs and pressure on profit margins, "says the initiator of this new commercial sign.

Adding that it is the consumers who will benefit from competitive prices offered by supermarkets of this brand. For now, the 16 supermarkets realize a consolidated turnover of Rs 50 million per month, or nearly Rs 600 million annually. This is more or less comparable to the turnover of Sik Yuen Ltd., owner of the supermarket Sik Yuen, Curepipe, which achieved a turnover of Rs 685 million for the period ended June 30, 2012.

 According to the Top Hundred Companies, the retail sector generated a combined turnover of over Rs 15 billion in 2011-12. It's Pick & Buy Ltd, owner of the sign Winners' operating within the IBL group, which recorded the largest sales at June 30, 2012, Rs 4.4 billion.

The supermarket chain is positioning itself as a leader in the retail sector. In this publication, it appears that Tang Wai & Co, owner of the supermarket Tang Way, Beau Bassin, has earned revenue of Rs 481 million at June 30, 2012. Almost identical to that of King Savers Ltd (Rs 468 million) and Simla Supermarket Co Ltd in Baie-du-Tombeau (Rs 126 million) performance.

Text by lexpress.mu

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