CG Mart to open on Nepali new year

KATHMANDU, MAR 1: 

The country will see its first convenience store by New Year 2069.

“Arun Intercontinental Traders — which deals with automobiles — under Chaudhary Group (CG) is opening CG Mart from Nepali New Year to provide distinct products and services that meet the needs in both retailing and distributing of consumer goods,” said managing director of CG Arun Chaudhary.

In the first phase, stores will be opened at Minbhawan, Babarmahal and Thamel but there are plans afoot to open 300 to 400 CG Mart outlets — a 7/11 concept store — within three years, he said, adding that the stores will sell a wide range of imported goods, whereas minimarts and provision shops sell mostly local products with a limited range.

Catching up on the new trend, the expansion of CG Mart outlets will have characteristics like promotion of the franchising model, selling a wider range of food items and services through trained employees, and promoting the brand, Chaudhary added. 

“The stores will be located on main roads which lead to one or two public areas and other transportation hubs.”

CG Mart will be a start-up convenience food and non food shop operation. “It will cater to the shopping needs of consumers who are involved in irregular working hours,” he said. “In addition, convenience stores, to some extent will replace the old-fashioned general store, with longer hours of operation which will allow them to reach out to larger groups of consumers.”

The potential of convenience stores in Kathmandu is great due to the rapidly growing population. “We believe this market will grow steadily as a result of the sustained growth in remittance and per capita income which will possibly help the economy recover in Nepal,” he said.

Source: THT