Hayleys to compete with supermarket giants
View(s):Joining supermarket giants like Cargills (pioneers in this trade), Keells, Arpico, Laugfs and Glomark, Hayleys PLC is pursuing a strategic entry into the large-scale supermarket sector.
In a statement this week, the group said it intends to commence operations with 100 outlets strategically located across key urban and suburban areas. The group’s entry into this space is expected to further diversify its earnings profile and contribute to long-term financial stability and broad-based stakeholder value creation.
“This move underscores the group’s strategic thrust towards bringing quality, reliability and service excellence closer to every day Sri Lankan consumers, redefining the modern retail experience. Hayleys is uniquely positioned to build a value-driven retail ecosystem across the island, leveraging its unparalleled reach across value chains, brand strength, dynamic leadership team and commitment to sustainable business,” the statement said.
Hayleys said it sees tremendous potential for growth in the country’s retail sector. This venture will harness the group’s deep expertise in logistics, manufacturing, and service excellence to deliver greater accessibility, quality, and choice to customers- reaffirming Hayleys’ enduring commitment to inclusive growth and national development.
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