Home / Knowledge / News / Apparel/Garments / Raymond to open 100 new stores by year end
Raymond to open 100 new stores by year end
Apr '10
This year, Raymond Ltd, Rs 12 billion turnover company, through its franchisee network intends to launch 100 retail outlets in tier-IV and V cities like Bijapur, Mandya and Bellary in Karnataka, and Ahmednagar and Bhandara in Maharashtra.

The company incurred an investment of around Rs 250 million to set up over 76 franchisee stores during 2009-10.

At present, the branded apparel and textile major has 520 odd-stores spread over an area of around one million square feet, of which 60 are company held outlets while 450 are franchisee-owned.

'The Raymond Shop', exclusively displays Raymond brands like Color Plus, Park Avenue, Parx and others. Of the total sales of the company, 49 percent comes from retailing.

Rakesh Pandey, Raymond President, Retail and Business Development, said that, they expect the new 100 stores that they plan to establish this year would earn them revenue worth Rs 300 million.

The company recently inaugurated a 'made-to-measure' store at Palladium, situated at Phoenix Mills mall, Mumbai. The store spread over on an area of 500 square feet, primarily displays custom fit garments.

Raymond recorded a growth of seven percent during the 2009 fiscal on a same-store-sales basis and generated revenue totalling to Rs 3.75 billion during the third quarter of 2009-10.

Raymond Apparel Ltd, ColourPlus Fashion Ltd, EverBlue Apparel Ltd and Silver Spark Apparel are amongst its other subsidiaries. Gautam Singhania, CMD Raymond Ltd., had announced that, the company as part of its expansion strategy, intends to invest Rs 10 billion towards setting up of around 300 new stores across India by March 2011.

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Textiles | On 27th Jun 2017

AEPC & NSDL to help exporters with GST compliances

Apparel Export Promotion Council (AEPC) and National Securities...

Interviews View All

Cindy McNaull

We have broad range of options in durable fabrics

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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


news category

Related Categories:
July 2017

July 2017

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


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search