LOTS wholesale, one of India’s fastest scaling B2B models has opened a massive warehouse retail concept in Greater Noida. The 38,000 sq ft store is the sixth in the NCR.
LOTS Wholesale Solutions is a brand operated by CP Wholesale India Pvt. Ltd., part of the USD 97 billion Charoen Pokphand Group (“CP Group”) is a wholly owned subsidiary of CP Axtra Public Company Limited (“CP Axtra”) from Thailand.
The Greater Noida store is designed to be a one-stop destination for businesses, offering over 4,000 high-quality products at wholesale prices.
Nishant Rayirath, Managing Director of LOTS Wholesale Solutions, said “We are thrilled to bring the LOTS Wholesale Solutions experience to Greater Noida.
This new store represents our commitment to empowering businesses of all sizes by providing access to high-quality products at competitive prices.
We are particularly excited about the enhanced focus on HoReCa and the introduction of premium international gourmet products, catering to the evolving needs of the food service industry and the broader business community.”
Catering to a diverse customer base, including retailers, HoReCa (Hotels, Restaurants, and Caterers), and small business operators, the store provides a wide array of products, from groceries and fresh produce to kitchen equipment and HoReCa supplies, all under one roof.
With the commencement of a new store in Greater Noida, LOTS is expected to create jobs for over 150 youth, contributing significantly to the local community.
As part of its commitment to sustainability, the new store incorporates eco-friendly initiatives, including energy-efficient lighting and low-energy consumption systems.
LOTS is also committed to supporting local businesses and the community at large.
The city’s strong base of HoReCa businesses, retailers, offices, institutions and small business operators aligns perfectly with LOTS’ target customer base.
The company sources most of its products from local vendors and is actively exploring partnerships with entrepreneurs in Uttar Pradesh.
Editor’s Note
Metro AG was the first to enter the B2B Wholesale Retailing concept in India in 2003. With its first store in Bangalore, the German retailer grew its business across the country. Walmart entered the B2B arena in association with the Bharti AirTel Group in 2009.
Over time, Walmart ceded its business to the erstwhile Future Group while Metro AG sold its India business to Reliance Retail. French Retail giant Carrefour which had entered India in 2009 also exited the country after a few years and is now back to pivot a different model.
The B2B retail model is a bit tricky to operate in the country. Focussed essentially on SMEs, the B2B retail model requires the buyer to furnish details such as a Corporate PAN, GST records, etc.
These are usually held by small businesses, including several thousand entrepreneurs, who in turn buy for their personal and family requirements.
Lawfully, these business models are indeed in the right spirit, though ethically there is a yellow line of distinction.
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