New Delhi, Sept. 6 -- Modern Bazaar, one of Delhi-NCR's oldest premium grocery retailers, is restructuring its store network as the rapid rise of quick commerce is forcing traditional supermarkets to rethink the size, location and economics of physical retail. The Rs.250-crore turnover retailer, which operated about 28-30 stores until a year or so ago, now has around 14, with more outlets being evaluated for closure or relocation, its founders confirmed to Mint.

The gourmet retail chain has shut its stores in posh Defence Colony, Select CityWalk mall in Saket and New Friends Colony, among other areas. Its Aerocity location has also shut but will be replaced by a new outlet at another location close by.

"The consumer landscape is changin...