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News Flash
Oswal Retail plans massive expansion
28 Oct '06
1 min read
Oswal Retail Pvt Ltd (ORPL) has decide to invest around Rs60 crore to set up over 120 outlets in the country by 2009.
Leading undergarment retailer has already opened its exclusive store 'Straps' in Ludhiana, Punjab.
Company feels that the times are changing and undergarment market is rapidly gaining demand, of which it hopes to grab atleast 5 percent share by 2010.
ORPL is confident about potential in Punjab and revealed plans to launch stores in Jalandhar Amritsar, Chandigarh, and Mohali.
Company sources reported that the firm has targeted group turnover of Rs1,000 crore by 2010, with retail accounting for nearly 25 percent.
Leading undergarment retailer has already opened its exclusive store 'Straps' in Ludhiana, Punjab.
Company feels that the times are changing and undergarment market is rapidly gaining demand, of which it hopes to grab atleast 5 percent share by 2010.
ORPL is confident about potential in Punjab and revealed plans to launch stores in Jalandhar Amritsar, Chandigarh, and Mohali.
Company sources reported that the firm has targeted group turnover of Rs1,000 crore by 2010, with retail accounting for nearly 25 percent.
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