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8 Mar 2010

Aditya Birla Retail Ltd (ABRL) has revealed that it plans to re-energise the hypermarket format and reassess its supermarket strategy.  Speaking in the Indian press, CEO Thomas Varghese said: "We want all our stores to be profitable by 2012.  We are becoming realistic now.  We may not achieve the earlier target, as we have slowed down significantly and closed down many of our unprofitable stores.  There is no point in making losses for long."



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