Home / Knowledge / News / Apparel/Garments / Raymond to add 100 new outlets in FY'12
Raymond to add 100 new outlets in FY'12
29
Mar '11
Raymond, in order to boost its presence in the clothing retailing sphere, proposes to open 100 new outlets at a cost of Rs. 375 million in FY' 12.

Gautam Singhania, Chairman and Managing Director of the company said that, the company which presently has 700 outlets across its various brands, intends to add 100 more in fiscal 2011-12.

The official said that, the move was intended at strengthening the firm's foothold in the domestic market, particularly at a time when the international brands are looking ahead to penetrate in the country's apparel market, which is around Rs. 750 billion.

He further revealed that, as majority of the new stores would be on franchisee model, the company would not be required to invest a larger sum for expansion.

Shreyas Joshi, President Raymond (Apparels) said that, the expansion would require a spending of around Rs. 2,500 per square feet, with each of the outlet spread on an area of at least 1,500 square feet. Thus, the total expenditure for 100 stores is estimated to come to around Rs. 375 million.

Fibre2fashion News Desk - India


Must ReadView All

US & EU retailers release industry approach to GDPR

Apparel/Garments | On 24th May 2018

US & EU retailers release industry approach to GDPR

The Washington, D.C.-based National Retail Federation and...

Global cotton consumption to reach record in 2018-19: USDA

Textiles | On 24th May 2018

Global cotton consumption to reach record in 2018-19: USDA

Reflecting continued growth in the global economy, world cotton mill...

Courtesy: Nanollose

Textiles | On 24th May 2018

Nanollose develops fabric from coconuts

Australian technology company Nanollose has developed a sustainable...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Suresh Patel
Sidwin Fabric

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Silvia Venturini Fendi
Fendi s.r.l

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

Aditi Somani
Aditi Somani

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search