Home / Knowledge / News / Apparel/Garments / Raymond to ramp up store count
Raymond to ramp up store count
Feb '10
Rakesh Pandey, President (retail and business development), Raymond Ltd, stated that over the next two years, they intend to enhance their retail business earnings by around 30-40 percent from the present earnings of Rs. 10 billion. For the purpose the company aims to establish more stores in smaller cities.

He released the information while talking to the press at the AIMA event and also added that the company earned a total income of Rs. 3.76 billion for the third quarter ended on December 31, whereas for the nine-month period it could reach Rs. 10.18 billion.

Raymond in its retail vertical encompasses, the 'Raymond shop' which is a premium retail store offering total clothing solutions for men, the 'Brand Shop' – an exclusive outlet for the firm's nonaligned brands and 'Be:Home', a speciality multi-brand home retail chain for soft home furnishings and accessories.

To meet the objectives, the company is pacing up its retail expansion, particularly in smaller cities and also in the forthcoming two years, plans to add 300 new stores to the current 500 outlets, of which 80 percent are franchisees, Mr. Pandey informed.

He also announced that, they plan to start around 250 stores in tier II and tier III cities majority, which will adhere to the franchisee model, with an approximate store size between 1,000 and 1,500 sq. ft.

Fibre2fashion News Desk - India

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search