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October 4, 2012

Kolkata highest revenue-grossing market nationally for Future Group, Spencer's, KFC, Pantaloons, others - Economic Times

Kolkata highest revenue-grossing market nationally for Future Group, Spencer's, KFC, Pantaloons, : Irrespective of Mamtha Banejee's tantrums give west bengal business houses a inferiority complex .. The reality is very different than what Mamtha wants the gullible indian public to  believe 

Kolkata has become one of the highest revenue-grossing markets nationally for Future Group, Spencer's, KFC and Pantaloons among others over the past 12-8 months, much to the surprise of several marketers.


The retail baron is so impressed that he has decided to debut all new retail formats in Kolkata.
Kolkata has been one of the best kept secrets in modern retailing," says Kishore Biyani, CEO, Future Group. "Consumption in Kolkata is much more stable than in other metros where it goes through ups and downs. And there is high level of festival-linked purchases throughout the year," he says.
Tarun Lal, general manager at KFC India, says Kolkata has also taken a liking to its Zinger burgers and chicken fries, and the chain plans to expand its presence in the region significantly.

Analysts attribute the Kolkata retail phenomenon to the growth in employment in sectors like BPO, IT and services sector, and the consumer's rising aspirations.