Marks & Spencer to open 30 stores by fiscal 2017

Retail giant, Marks & Spencer and local firm Reliance Retail plans to add 30 stores by the end of fiscal 2017...
Marks & Spencer  to open 30 stores by fiscal 2017

A retail India joint venture between Marks & Spencer and local firm Reliance Retail plans to add 30 stores by the end of fiscal 2017.
British group Marks & Spencer operates 50 stores in India in partnership with Reliance Retail, which also has alliances with other international labels such as Diesel, Kenneth Cole and Steve Madden.
The clothing retailer, which has identified India as a key market, saw the local business record a growth of 23% in the fiscal year ended March 2015.
Sustainable economic development, a burgeoning middle class, among other factors, makes India a fertile market for Marks & Spencer's continued expansion, its management had stated.

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