What is the customer proposition and market positioning of Sahakari Bhandar store chain today?
Sahakari Bhandar is primarily a neighborhood grocery store fulfilling the monthly baskets of consumers in and around the store’s neighborhood. We sell all the day-to-day necessities – fruits and vegetables, frozen foods, bakery, food grains, FMCG products, household care, general-purpose items, among others. The product range also includes hand-made diya batti to an eco-friendly Ganesha idol, home-made (not branded) fresh dosa atta, chutneys, biscuits, etc. Basically, the stores have all the day-to-day necessities expected of an ideal convenience store.
With its positioning of ‘Sahi Quality, Sahi Price!, people from the middle-income group and local residents looking for a fair price deal form a major part of the target group of Sahakari Bhandar stores. Women initially formed the main target group; however, over the past decade or so, with all the infrastructural changes made at the stores, thanks to the JV with Reliance, consumers come to Sahakari Bhandar with their families and children to enjoy the overall shopping experience.
We have a loyal base of customers who have been shopping at our stores for over 10, 15, 20 years and more, thanks to the quality of the products and their very competitive price. Also, due to the cooperative legacy of 40 years, the strategic locations of the stores, and their fair price image, Sahakari Bhandar enjoys a strong customer connect, which we are determined to build on and improve further.
Besides our neighborhood convenience stores, we have four new Smart SB stores, which are positioned as destination stores.
Tell us about the location strategy of your stores.
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