“Lanka Sathosa now stands as Sri Lanka’s largest retail shopping chain” declared an upbeat Minister of Industry and Commerce Rishad Bathiudeen on 5 January at Welisara.
Minister Bathiudeen, joined by Prime Minister Ranil Wickremesinghe, Minister John Amarathunge and Chairman of Unilever Sri Lanka Carl Cruz was addressing the launch event of the first ever mega model outlet of Lanka Sathosa at Welisara on the morning of 5 January.
“We are commencing the first ever mega model outlet of Lanka Sathosa here today, thereby launching Sathosa’s mega outlet series. We thank Unilever Sri Lanka for their support given to revamp the previous Welisara outlet to create the first mega model outlet here. We are planning another 25 such new mega outlets this year, and they are coming up with the support of private sponsorship and not from public funds” said Minister Bathiudeen, The ministry is transforming Lanka Sathosa from a loss making service institute to a marketing based profit oriented model so that it can serve consumers without being a burden to public funds. Its monthly turnover has almost doubled and in December 2017 to Rs 3.2 billion.”
In its quest to expand further in to rural areas, Lanka Sathosa plans 8000 franchised outlets partnering with privately owned MSME shops across the country and has already started registration of qualifying MSMEs. The present Lanka Sathosa network of 400 is scheduled to be expanded further- so that when it celebrates its 70th anniversary in 2019, the network shall total 500 branches-along with a bigger monthly turnover. Lankan FMCG sources said that the second largest privately owned supermarket chain after Lanka Sathosa has only around 240 outlets.