More SHOPPING MALLS are coming for Vijayawada...

bezawada · Joined: 26 Mar 2005 Posts: 34

Hypermarket to come up in city

Staff Reporter

`Magna' promises to be a one-stop shopping destination for entire family

--------------------------------------------------------------------------------

The shopping area is 45,000 sq.ft, spread over three floors
Some 12,000 customers are expected everyday
Food court will serve five different types of cuisines
Promoters plan one hypermarket in Visakhapatnam and four in Hyderabad
--------------------------------------------------------------------------------

VIJAYAWADA: A hypermarket, the first of its kind in the city, having a shopping area of 45,000 square feet, will be inaugurated here on Tuesday.

The chief executive officer of Siri Mahamart Trading Private Limited, Sriram Kakkera, told newspersons on Thursday that "Magna" was the first hypermarket to be established in Vijayawada. Located on the busy Mahatma Gandhi Road in place of the old Andhra Jyoti buildings, the hypermarket would be a one-stop shop for the entire family.

The investment

Mahamart Trading had invested Rs 5.5 crores on the building and furniture and another Rs 2 crores on the stocks, expecting 12,000 customers a day, Mr Sriram said. Magna Hypermarket would cater to the customers in the entire Coastal Andhra. The ground floor is housing a wholesale counter, grocery, fresh fruits and vegetables, 24-hour pharma and bakery.

About expansion, he said Mahamart Trading had plans to open one hypermarket in Visakhapatnam and four in Hyderabad by the year-end.

The first floor of Magna Hypermarket would have apparels, accessories, jewellery and cosmetics and in the second floor would be housed a 6,000-sq.ft food court serving five different types of cuisines and the consumer durables section that would have on sale a range of electronic products, from plasma televisions to walkmans.

A modern kitchen that is visible to the customer would be a special attraction for customers.

Besides the parking area in front of the hypermarket, another parking lot with valet parking facility is also available.

Phoenix · Posted: Tue Aug 09, 2005 8:08 am Post subject: hi

Chowdary · Joined: 20 Jul 2005 Posts: 40

Guys,
I don't know why all you guys are scared of these malls. Mall craze has not yet started in India. Forget about these hyper market and other shopping malls. These are peanuts.
Wait and watch. India is going to allow MNC's into retail sector sometime at the end of this year. Then you will see the real fun. Walmart the giant is lobbying for the entry. If it comes all the retail family based businesses and the so called hypermarts/shopping malls will be washed out. It is that simple. DARE TO COMPARE the prices.

I want this to happen as soon as possible. All family based business people they earn a lot and sell substandard commodities and never pay taxes to government. This is huge amount. If walmart comes in everything will be streamlined. They sell good stuff/cheap (you cann't compare)/excellent customer service (no questions will be asked even if you return)/everything is accountable so they will pay huge taxes to government/clean/responsibility towards the community (neighbourhood)/
provide employment.

Total revenue of WALMART is more than half of India's GDP i.e. 285 billion dollars and it is growing faster than India itself at 16.5%.

Chowdary · Joined: 20 Jul 2005 Posts: 40

WALMART At A Glance

Fact: Wal-Mart Stores, Inc. is the world’s largest retailer, with $285.2 billion in sales in the fiscal year ending Jan. 31, 2005. The company employs 1.6 million associates worldwide through more than 3,600 facilities in the United States and more than 1,570 units in Mexico, Puerto Rico, Canada, Argentina, Brazil, China, Korea, Germany and the United Kingdom. More than 138 million customers per week visit Wal-Mart stores worldwide.
Retail Divisions -- Guided by founder Sam Walton’s passion for customer satisfaction and “Every Day Low Prices,” Wal-Mart‘s four retail divisions -- Wal-Mart Supercenters, Discount Stores, Neighborhood Markets and SAM’S CLUB warehouses -- offer a wide variety of quality merchandise to consumers around the world.

Wal-Mart Milestones -- 1962: first Wal-Mart in Rogers, Ark., opens. 1969: company incorporated as Wal-Mart Stores, Inc. 1970: first distribution center and home office in Bentonville, Ark. open; Wal-Mart goes public on the New York Stock Exchange. 1979: annual sales top $1 billion. 1983: SAM’S CLUB warehouse concept introduced. 1988: first Supercenter opens. 1991: first international unit opens in Mexico City.

By the turn of the century Wal-Mart had been named “Retailer of the Century” by Discount Store News; made FORTUNE magazine’s list of the “100 Best Companies To Work For;” and was ranked on Financial Times’ “Most Respected in the World” list. In 2002, Wal-Mart became No. 1 on the FORTUNE 500 list. In 2003 and 2004, Wal-Mart was named "Most Admired Company in America" by FORTUNE magazine. In addition, Wal-Mart was presented with the Ron Brown Award for Corporate Leadership, a presidential award that recognizes companies for outstanding achievement in employee relations and community initiatives.

Wal-Mart Involvement -- Wal-Mart Stores, Inc. empowers its associates to serve the needs of their communities through its Good Works initiative. For fiscal year ending January 31, 2005, cash donations through Wal-Mart Stores and its Wal-Mart & SAM'S CLUB Foundation exceeded a record $170 million.
More information about Wal-Mart, Inc. can be located online at www.walmartstores.com, www.samsclub.com and www.walmartfoundation.org. Wal-Mart stock trades on the New York and Pacific Stock Exchanges under the ticker symbol WMT.

“We’re all working together; that’s the secret. And we’ll lower the cost of living for everyone, not just in America, but we’ll give the world an opportunity to see what it’s like to save and have a better lifestyle, a better life for all. We’re proud of what we’ve accomplished; we’ve just begun.” – Sam Walton (1918-1992).

back to top
Benefits
Fact: Wal-Mart offers affordable health care benefits to our associates. We work hard to offer good, affordable coverage to our people. Historically, Wal-Mart has paid about two-thirds of the cost of the Associates' Medical Plan. We insure more than 568,000 associates and more than 948,000 people in total, who pay as little as $17.50 for individual coverage and $70.50 for family coverage bi-weekly. Unlike many plans, after the first year, the Wal-Mart medical plan has no lifetime maximum for most expenses, protecting our associates against catastrophic loss and financial ruin.

Today, we offer eight health care options, plus HMOs in some areas. We have different deductibles to meet individual needs.

Associates also have access to world class healthcare at the Mayo Clinic, Stanford University Hospital, Johns Hopkins University Hospital and many other leading health care facilities without insurance approval.

In recent years, Wal-Mart has contributed 4 percent of an associate's eligible pay to the combined Profit Sharing & 401(k) plan. Our hourly associates, just like our management and executive associates, receive bonuses and other incentives for helping the company achieve its goals. In FYE 2005, we spent $4.2 billion on benefits for our associates.

back to top
Community Impact
Fact: Wal-Mart supports communities financially and provides hundreds of jobs. Our property taxes, sales tax revenue and community giving help fund basic services like police and fire departments and schools, and support for invaluable charities. The typical Supercenter raises or gives $30,000 to $50,000 a year to local charitable needs ranging from youth programs to literacy councils. In fact, Wal-Mart is the largest corporate cash contributor in America. In fiscal year ending 2005, Wal-Mart Stores, Inc. and the Wal-Mart & SAM'S CLUB Foundation contributed more than $170 million to support communities and local non-profit organizations. More than 90 percent of cash donations from Wal-Mart Stores and the Wal-Mart & SAM'S CLUB Foundation target local communities. That’s $18,000 an hour or $5 a second. In 2004, Wal-Mart collected more than $11.2 billion in state and local sales taxes and paid millions in property taxes.

A UBS Warburg study found that Wal-Mart grocery prices are 17 to 20 percent lower than other supermarkets, which has the greatest benefit for a community’s low-income families. According to a study done by the Los Angeles Economic Development Corporation, Wal-Mart potentially saves individual families more than $500 a year. This is money that can be used to buy food, gas or any other priorities for that family.

Studies show that new businesses spring up near Wal-Marts and existing stores flourish as they take advantage of the increased customer flow to and from our stores. Drive by any Wal-Mart store and count the number of businesses operating nearby, many are independent local businesses or locally owned franchises. The most definitive look at this issue, by Dr. Emek Basker at the University of Missouri, showed average increases of 50 retail jobs in communities five years after the entry of Wal-Mart.

back to top
Contractor Standards
Fact: We require our contractors and subcontractors to follow all laws. We require companies that do business with our company to comply with all laws and regulations. These requirements are memorialized in contracts we sign with our contractors. To reinforce our expectations, we are also developing monitoring systems to ensure contractors that do business with our company comply with all relevant laws and regulations.

At Wal-Mart we believe in "doing the right thing." We expect contractors that provide services to our company to also do the right thing for their employees and communities.

International Operations
Fact: Wal-Mart serves people around the world. Today, millions of people worldwide enjoy the rewards of shopping with Wal-Mart. From our first international store in 1991 we have grown to more than 1,500 stores in nine countries, proving that our Every Day Low Price promise is a clear message in any language. Wal-Mart International currently operates stores and clubs employing more than 330,000 associates in Argentina, Brazil, Canada, China, Germany, Korea, Mexico, Puerto Rico, and the United Kingdom. Wal-Mart also owns a 37.8% interest in Seiyu, Ltd., a leading Japanese retailer.

We’ve experienced international success through our ability to adapt Wal-Mart’s unique concepts to each new country. Our Associates are involved in local communities and cultures. They respond to customer needs, merchandise preferences and local suppliers. By serving each hometown in its own unique way, Wal-Mart International has realized significant growth with potential for much greater development worldwide.
Our global expansion was achieved through a combination of new store construction and acquisitions. This strategy has given us excellent market penetration and opportunities for future development. We view Wal-Mart’s expansion throughout North America, Latin America, Asia and Europe as a solid foundation with many promising areas for further growth.

International sales reached $47.5 billion in fiscal year ending 2004, a 16.6 percent increase over the previous year, and operating profits rose to $2.3 billion, an increase of 18.6 percent. In 2005, Wal-Mart International plans to open 155 to 165 new stores in existing markets.
back to top
Military Support