The Economic Times reports that Indian retailers are fast following the ways of the global majors and are keen on setting up global sourcing methods to increase margins while still offering the best prices to customers. Retailers such as Big Bazaar, Shoppers’ Stop, Ebony, Westside and even Subhiksha, are looking to set up a sourcing offices in Hong Kong and China.
According to Kishore Biyani, CEO of the Future Group, “For retail chains across the globe, the world is becoming a single market. We are looking at markets across the world from where one can source merchandise at the lowest price. We have opened our global sourcing offices in Hong Kong and China a few days back.”
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