The Dubai based Landmark Group which runs a premium apparel and home furnishings retail chain in India plans to scale up its store count to 35 Lifestyle stores and 15 Home Furnishing outlets by 2011, informed the Executive Director of the chain in India.
Mr Kabir Lunba, ED said that the group plans to invest Rs 4.5 billion over the next two years to meet the expansion plans of the retail chain. At the same time, the company will also lower prices to attract more clientele to its outlets.
Reposing faith in the Indian retail sector, he said, consumer sales may fall by 10 percent in the next few months but added by saying that the retail sector in India was in a much better position than in many other countries.
Fibre2fashion News Desk - India
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