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Ahmedabad, Aug 29

Dubai-based Landmark Group’s Max Retail plans to open 27 stores across India by March 2009 in tier I and II cities, said Mr Shekar C.S., Vice-President, Retail Operations. “Each store needs an initial investment of Rs 5 crore and we intend opening stores in Bangalore, Hyderabad, Mumbai, Delhi, Indore and Bhopal,” he said. Each store will be of 8,500-10,000 sq ft in tier II cities and of 10,000-15,000 sq ft in tier I cities, he added. Most of the stores wi ll come up in malls as owning a good high street outlet is not viable at the high rentals, he said. The store focuses on apparel, besides offering footwear and home furnishings. Currently, Max has 15 operational stores.

—Our Bureau

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