50% Stores Of Avenue Supermarkets Owned D-Mart Remains Closed

Nearly 50% of stores owned by Avenue Supermarkets, which runs the same under D-Mart, remained closed for operations based on directive by the local authorities.

"Footfall at stores that are open, depends on movement and timing restrictions enforced by the local authorities. Overall, they are significantly lower than usual footfalls. We continue to sell daily use essential items such as grocery and FMCG products from all our stores and have stopped sale of non-essential items (General Merchandise and Apparel). We have just commenced E-Commerce Home Delivery and Bulk Deliveries to large housing complexes across majority of our stores during the first

week of April. Customers who have used the service have deeply appreciated these initiatives, however the sales from these channels are inconsequential. E-Commerce and bulk deliveries to societies are initiatives implemented to only manage the current lockdown situation," the company said in a release to the exchanges.