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Future Group eyes Rs 1 crore of daily sales on FutureBazaar.com by end of fiscal 2011-2012

Kishore Biyani-led Indian retail giant Future Group has said
that it is targeting daily sales of at least Rs 1 crore from its ecommerce portal
FutureBazaar.com by the end of the current fiscal. Future Group is also targeting
at least 10 per cent of its total retail revenues to come from digital platforms
in the next three years. The group’s current total annual turnover from all the

Kishore Biyani-led Indian retail giant Future Group has said
that it is targeting daily sales of at least Rs 1 crore from its ecommerce portal
FutureBazaar.com by the end of the current fiscal. Future Group is also targeting
at least 10 per cent of its total retail revenues to come from digital platforms
in the next three years. The group’s current total annual turnover from all the
retail formats such as Big Bazaar, Pantaloons and eZone, is estimated to be
over Rs 10,000 crore.

“We are targeting orders worth Rs one crore everyday on
FutureBazaar.com by the end of this financial year. The trajectory is pointing
in that direction. In terms of revenue, we have grown five times this year
compared to last year and expect a similar increase in the next year,”
Kashyap Deorah, President, FutureBazaar.com has said.

According to Deorah, the portal had hit the Rs 1
crore sales mark in a day on some occasions in the past. “For instance
during Diwali last year, we had done sales of Rs 3 crore on one single day but
going ahead we want to make it a habit to register average sales of Rs one
crore per day,” Deorah informed.

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