Business Daily from THE HINDU group of publications
Sunday, Feb 10, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Sunday, Feb 10, 2008 ePaper | Mobile/PDA Version |
|
|
|
|
|
|
|
Marketing
-
Retailing Raymond to strengthen retail presence in towns Our Bureau Bangalore, Feb. 9 Raymond is looking to strengthen its retail presence in Class 4 and 5 towns in the country. Currently, the company operates 92 stores of ‘The Raymond Shop’ in Class 4 and 5 towns. It will add 100-120 stores in two years. “There is lot of income generation in smaller towns. There is an increasing propensity to spend here. There is lot of spending on ready-mades in smaller towns, which is mostly driven by occasions such as weddings,” says Mr Aniruddha Deshmukh, President – Retail and FMCG, Raymond Ltd. Class 4 towns have a population of 50,000 to 1 lakh, while class 5 towns have a population of 1-5 lakh. Raymond is also looking to expand into malls. Raymond has around 365 Raymond shops in 170 cities. It also has over 100 exclusive outlets of brands such as Park Avenue, Parx and ColorPlus. Raymond also runs 29 stores abroad – in West Asia, Bangladesh and Sri Lanka. More Stories on : Retailing | Readymade Garments
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
 |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2008, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|