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Coronavirus impact : Nearly 50% of D-Mart stores closed for operations

Avenue Supermarts, which owns and operates D-Mart brand of retail stores, said nearly half of its stores are not operating due to various restrictions imposed by the local authorities to contain the spread of Covid-19 pandemic. 

In a regulatory filing, the company said, “Nearly 50% of our stores remain closed for operations based on directive by the local authorities. Footfall at stores that are open, depends on movement and timing restrictions enforced by based on directive by the local authorities.”

However, Avenue Surpermarts, which is owned by billionaire Radhakishan Damani, added that it continues to sell daily use essential items such as grocery and FMCG products from all its stores and have stopped sale of non-essential items (like General Merchandise and Apparel).

D-Mart has also commenced e-commerce home delivery and bulk deliveries to large housing complexes across the majority of its 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,” Avenue Supermarts said. 

The holding company of the supermarket chain also added that “E-Commerce and bulk deliveries to societies are initiatives implemented to only manage the current lockdown situation.”

Earlier this week, Damani donated Rs. 100 crore towards PM-CARES Fund and Rs. 55 crore for various state relief funds which includes Rs.10 crore each to Maharashtra and Gujarat, Rs. 5 crore each to Andhra Pradesh, Telangana, Karnataka, Rajasthan and Punjab, Rs 2.5 crore each to Tamil Nadu, Chhattisgarh, Madhya Pradesh and Uttar Pradesh. 

D-Mart supermarket chain is present in 206 locations across 11 states and one Union Territory in the country.

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