Fuelled by growing urbanisation, the idea of superstores flourished in the country a decade ago, increasing number of women working outside their home, and raising per capita income.
Superstores passing bad time Published: July 23, July 25, On their tentative opening, these department stores could not be an instant success but then more people -- even from lower middle class -- started pouring in such outlets.
At a point these stores started doing brisk businesses because of the advantage they offered of shopping an array of commodities under one roof and in an interior temperature maintained comfortable by extensive air-conditioning. Now those days are over. They have pointed accusing fingers at the uneven value added tax VAT regime.
They are right in this regard. Trade VAT is applicable only to superstores and therefore discriminatory. That cost of setting up an outlet of any such chain shop is highest in the region is naturally not to the liking of the operators.
But even this could possibly be ignored if the latest imposition of 4. The rate of VAT at some point was 2. It appears the authorities could not be sure of what the exact rate should be.
Apart from superstores there are large groceries where from a fixed lump sum amount of VAT is realised. But superstores have to pay a big amount - one that is many times more than the groceries pay.
In a situation like this doing business for the superstores has become more challenging than it should have been.
What such chain shops have not quite admitted is their failure to extend patronage to on-farm farmers. If, instead, they made arrangement with farmers for growing various produces and collecting those directly, they could have cut the cost.
In case of a few items they produce or procure under bilateral arrangement, they have an edge over the retailers in the open market. Clearly, they have failed to benefit from direct contact with farmers by removing the share of middlemen.
It is also evident from their complaint that the occasional anti-adulteration or quality-check drives do not help their business. Such drives will surely not. Their emphasis seems to be on the competence of the authorities conducting such drives.
Here they surely have a point. The authorities now performing the job are qualified enough to check date-expired items on shelves.
Many of these stores are guilty of exhibiting such date-expired goods. If there is a more competent authority, superstores may face even tougher times.
Share if you like.Superstores or retail chain shops still concentrated mostly in the capital with a few of them maintaining outlets in other cities are not in a good health now.
On their tentative opening, these department stores could not be an instant success but then more people -- even from lower middle class. Find upscale grocery stores, super stores and supermarkets in Dhaka. Get addresses and phone numbers for the finest grocery stores, super stores and best meat stores of .
Superstores in Bangladesh In the last 16 years, more than superstore outlets have been set up in Bangladesh by around 40 companies.
Some of these retailers also offer e-shopping facilities. Some of these retailers also offer e-shopping facilities. Carrefour S.A. (French pronunciation:) is a French multinational retailer headquartered in Boulogne Billancourt, France, in the Hauts-de-Seine Department near Paris.
It is one of the largest hypermarket chains in the world with 12, self-service shops (including 1, hypermarkets) at the end of Carrefour operates in more than 30 countries in Europe, the Americas, Asia and Africa.
Rahimafrooz Superstores Ltd. opened Agora, Bangladesh’s first supermarket chain, in Dhaka only in with four outlets, and in June opened its thirteenth outlet.
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In quick succession, Agora was. Rahimafrooz Superstores Ltd. opened Agora, Bangladesh’s first supermarket chain, in Dhaka only in with four outlets, and in June opened its thirteenth outlet. In quick succession, Agora was.