Chefharunrashid: Contributed a new addition to the collection.

2023-07-12T11:19:13Z

Contributed a new addition to the collection.

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{{Short description|Indian retail chain}}
{{Use Indian English}}
{{Use dmy dates}}
{{Infobox company
| name = Smart Bazaar
| logo = Reliance Smart Bazaar.png
| type = [[Privately held company|Private]]
| industry = [[Retail]]
| traded_as =
| foundation = {{ubl
| {{Start date and age|2001}}
}}
| founder = [[Kishore Biyani]]
| location = [[Mumbai]], [[Maharashtra]], [[India]]
| locations = 30 stores nationwide (August 25, 2019)<ref>{{cite web |url = https://www.moneycontrol.com/news/business/future-retail-cfo-sees-double-digit-sales-growth-in-q2-of-fy18-2367853.html|title = Future Retail CFO sees double-digit sales growth in Q2 of FY18|publisher = Moneycontrol|access-date = August 24, 2017}}</ref>
| area_served = India
| key_people = {{plainlist|
* Sarvesh Shivnath Shukla (Founder)
* Sadashiv Nayak (President & [[Chief Executive Officer|CEO]])<ref>{{cite web |url = https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=112068145|title = Big Bazaar company snapshot and profile|publisher = Bloomberg|access-date = April 10, 2018}}</ref>
* Umashankar Shukla (Director)
}}
| products = {{hlist|Electronics|Movies and music|Home and furniture|Home improvement|Clothing|Footwear|Jewellery|Toys|Health and beauty|Pet supplies|Sporting goods and fitness|Auto|Photo finishing|Craft supplies|Party supplies|Grocery}}
| revenue =
| operating_income =
| net_income =
| assets =
| equity =
| owner = [[Reliance industries|Reliance]]
| num_employees =
| parent = [[Reliance Retail]]
| divisions =
}}

'''Smart Bazaar''' formerly Big Bazaar is an Indian [[retail]] chain of [[hypermarket]]s, [[discount department store]]s, and [[grocery store]]s. The retail chain was founded by [[Kishore Biyani]] under his parent organisation [[Future Group]],<ref name="financialexpress">{{cite news|title=Big Bazaar owner Future Retail, India’s biggest department store, gains steam as Kishore Biyani rides demonetisation|url=http://www.financialexpress.com/market/big-bazaar-owner-future-retail-indias-biggest-department-store-gains-steam-as-kishore-biyani-rides-demonetisation/631908/|access-date=21 April 2017|work=The Financial Express|agency=Bloomberg}}</ref> which is known for having a significant prominence in Indian retail and fashion sectors. Big Bazaar is also the parent chain of Food Bazaar, Fashion at Big Bazaar<ref>{{cite web|title=Fbb to go Omnichannel: To launch fbbonline.com, open 40 stores every year|url=http://www.indiaretailing.com/2017/03/29/fashion/fbb-to-go-omnichannel-to-launch-fbbonline-com-open-40-stores-every-year/|website=Indiaretailing.com|access-date=21 April 2017}}</ref> (abbreviated as ''fbb'') and eZone where at locations it houses all under one roof, while it is sister chain of retail outlets like [[Brand Factory]], Home Town, Central, eZone, etc.

Founded in 2001,<ref>{{cite news|title=Demonetisation: Cash dispensed at Big Bazaar isn’t withdrawn from bank, says founder Kishore Biyani|url=http://www.financialexpress.com/india-news/demonetisation-cash-dispensed-at-big-bazaar-isnt-withdrawn-from-bank-says-founder-kishore-biyani/454396/|access-date=22 April 2017|work=The Financial Express}}</ref> Big Bazaar is one of the oldest<ref>{{cite news|author1=Raghavendra Kamath|title=Big Bazaar: Bigger & better?|url=http://www.business-standard.com/article/management/big-bazaar-bigger-better-113031700374_1.html|access-date=22 April 2017|work=Business Standard India|location=Mumbai}}</ref> and largest hypermarket chains<ref>{{cite news|author1=Rashmi Pratap|title=Big Bazaar completes integration of Easyday stores|url=http://www.thehindubusinessline.com/companies/big-bazaar-completes-integration-of-easyday-stores/article8835836.ece|access-date=24 April 2017|work=The Hindu Business Line|location=Mumbai|language=en}}</ref><ref>{{cite news|title=Big Bazaar aims for over Rs 210 cr sales from R-Day sale offer - Times of India|url=http://timesofindia.indiatimes.com/business/india-business/Big-Bazaar-aims-for-over-Rs-210-cr-sales-from-R-Day-sale-offer/articleshow/5494133.cms|access-date=24 April 2017|work=[[The Times of India]]|agency=[[Press Trust of India]]|location=Mumbai}}</ref> of India, housing about 300+ stores in over 120 cities and towns across the country.<ref name="Indiatimes">{{cite web|author1=Shewali Tiwari|title=Modi Announces Money-Withdrawal Option At Big Bazaar Outlets, Kejriwal Asks 'What's The Deal'|url=http://www.indiatimes.com/news/india/modi-announces-money-withdrawal-option-at-big-bazaar-outlets-kejriwal-asks-what-s-the-deal-266049.html|website=indiatimes.com|access-date=21 April 2017|language=en}}</ref> In February 2022, [[Reliance Industries]] took control of over 200 Future group stores and rebranded Big Bazaar as Reliance's Smart Bazaar Stores.<ref>{{cite web|url=https://www.timesnownews.com/business-economy/companies/after-reliances-takeover-of-future-stores-shoppers-left-with-big-bazaar-vouchers-and-no-option-to-redeem-article-91427615|title=After Reliance’s takeover of Future stores, shoppers left with Big Bazaar vouchers and no option to redeem|publisher=Times Now|accessdate=7 June 2022}}</ref>

== History ==
Big Bazaar was founded in 2001 by Kishore Biyani, the founder and chief executive officer (CEO) of the parent company, the [[Future Group]].

The former captain of Indian cricket team, [[Mahendra Singh Dhoni]] have previously endorsed for the fashion vertical of Big Bazaar.

===Acquisition ===
[[File:Big Bazaar Converting Smart Bazaar - Avani Riverside Mall - Howrah 20220323 180332.jpg|thumb|Big Bazaar Converting to Smart Bazaar at Avani Riverside Mall.]]
In 2020, Big Bazaar was acquired by [[Reliance Retail]], the retail division of the [[Reliance Industries]], as part of a ₹24,713 crore ($3.36 billion) sale transaction of Future Group. However, the deal was called off on 23 April 2022 after FRL's creditors voted against going forward with it.<ref>{{Cite web|title=Lost Rs 7,000 cr in 3-4 months of COVID, had no choice but to sell biz: Kishore Biyani|url=https://www.thenewsminute.com/article/lost-rs-7000-cr-3-4-months-covid-had-no-choice-sell-biz-kishore-biyani-135372|access-date=2020-10-15|website=The News Minute|language=en}}</ref><ref>{{Cite web|title=Kishore Biyani’s Future Retail Seals Deal With Reliance Retail|url=https://www.bloombergquint.com/business/kishore-biyanis-future-retail-seals-deal-with-reliance-retail|access-date=2020-09-02|website=BloombergQuint|language=en}}</ref> Reliance Retail launched its new retail format by the name of [https://relianceretail.com/reliance-smart.html Reliance Smart Bazaar], that cater to consumer needs. It offers online and offline services to the customer. Online shopping services can be availed using the [[JioMart]] platform provided by reliance industries.

== See also ==
{{portal|Supermarkets|Companies}}
* [[D-Mart]]
* [[Foodworld]]
* [[HyperCity]]
* [[More (store)|More.]]
* [[Urban Ladder]]
* [[Reliance Fresh]]
* [[Spencer's Retail|Spencer's]]
* [https://nribazaar.com/ NRI Bazaar | More]

== References ==
{{reflist}}

==External links==
*{{official|http://www.bigbazaar.com}}

[[Category:Companies based in Mumbai]]
[[Category:Retail companies of India]]
[[Category:Supermarkets of India]]
[[Category:Retail companies established in 2001]]
[[Category:Indian companies established in 2001]]
[[Category:2001 establishments in Maharashtra]]
[[Category:Future Group]]

Smart Bazaar - Revision history

Chefharunrashid: Contributed a new addition to the collection.