Lankapage Logo CP 18 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka wholesale network to open 500 outlets by end 2017
Mon, Mar 20, 2017, 10:34 pm SL Time, ColomboPage News Desk, Sri Lanka.

Mar 20, Colombo: Sri Lanka's state owned large scale retail network plans to open 500 Lanka Sathosa brand outlets across the island by the end of this year, the Minister of Industry and Commerce Rishad Bathiudeen announced today.

Launching the race to reach the expansion in Sri Lanka's FMCG retail market, 50 Lanka Sathosa will be opened in on 28 March within a day.

"On March 28, 50 new and fully equipped Lanka Sathosa outlets across Sri Lanka will be opened by President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe," the Minister announced addressing the Cooperatives Provincial Ministers' Summit at BMICH on Monday.

The Minister said when he took over the retail network was faced with issues of lack of computerization, non- availability of latest stock updates for top managers and lagging accounts.

As a result, restructuring work within the system were initiated with the consultancy by the international firm KPMG and the island-wide computerization of the Lanka Sathosa network will be completed by July 2017.

"Most importantly, we have decided to speed up Sathosa network expansion. The total number of Lanka Sathosa outlets planned is 500 and by end of this year, we will activate all 500. Once we complete 500 outlets by end of 2017, we will stop Lanka Sathosa outlet network expansion. Thereafter, we will expand in a new way. We will be establishing Lanka Sathosa retail franchises with existing private grocery shops and usual retailers. The total number of planned such retail franchises across the country is 8000," the Minister described.

At present, Lanka Sathosa has 325 outlets across Sri Lanka reporting an annual network turnover of Rs. 30 billion. Among other important projects in its restructuring are installation of 125 new CCTV systems, setting up of five laboratories, and installation of Human Resource Information System to manage its 3500-employee squad island-wide.

 


ColomboPage - Recent 10 Stories ::
Sri Lanka Navy rescues seven Indian sailors stranded in the sea
-- [2 hours ago]
UN and Sri Lanka Ministry of Education launch SDG Action Campaign
-- [3 hours ago]
Probe into Principal for removing student on false allegations
-- [3 hours ago]
Sri Lanka's efforts to eradicate non-communicable diseases praised at World Health Summit
-- [4 hours ago]
Sri Lanka to enter into agreements with Qatar in energy, water supply sectors during President's visit
-- [5 hours ago]
Sri Lanka Railways raise awareness in increasing railway accidents
Rice at wholesale prices from Sathosa outlets
President inaugurates Grama Shakthi poverty alleviation program
Court orders prison authorities to submit a report on absence of former Navy Spokesperson Commodore D.K.P. Dassanayake in court
Sri Lanka Railway unions suspend strike scheduled to begin midnight today

Copyright © 2000, 2016 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.