Planet M is the largest entertainment retailer in the country and the fastest growing telecom retailer in the country. This retail brand is a part of the $ 5 billion Videocon group. Planet M attracts over 4.5 lakh customers every month. The retail brand is celebrating 10 years and positioned as one of the premium retail outlets in India.  A large number of offerings are there from Planet M’s basket which includes telecom, comprised of mobile phones, re-charge vouchers, mobile accessories; entertainment, that is, music, movies, gaming, digital hardware & accessories; hardware comprising gaming consoles, I-Pods, MP3 players, DVD player, home-theatre system and DTH;  lifestyle, which consists of apparels, eyewear, watches, books & fashion accessories; and cafes. There are 250 outlets of Planet M pan India. The stores are divided into 3 formats - mega store (2500 sq ft & above), super store (1000 sq ft & above) and neighbourhood store (300-600 sq ft). In the current fiscal Planet M has registered a turnover of Rs 300 crore. The company is growing at 35 per cent year-on-year basis. The plan is afoot to increase the number of outlets from 250 to 500 by 2011.        

Quick Facts

Total number of stores :  250

Turnover registered :  Rs 300 crore (current fiscal year)

Growth rate :  35 per cent

Expansion plan :  Bringing total number stores to 500 by 2011

“Our vision is to bring affordable feel good and indulgence into every neighborhood of leading Indian cities and towns. Our mission is to mirror the convergence of music & movies around the mobile phones in the retail space in a manner that makes us the most preferred retail brand for purchase of these products.”

Saurabh. P Dhoot, Director, Videocon Retail

Next

Next, a part of Videocon Retail, is the electronics and consumer durables retail chain having presence across India. The business size of the retail company is Rs 1400 crore (2009-10) and growing at the staggering rate of 50 per cent. The company has the expansion plan of setting up 1000 stores by the end of July 2010, almost 50 per cent increase from existing 540.     

Quick Facts

Business size :  Rs 1400 crore

Present number of stores :  540

Growth rate :  50 per cent

Expansion plan:  1000 stores in total by the end of July 2010

“In modern retail success lies in backend integration and controlling cost. Next will be positioned as the largest electronics chain in India, both in terms of throughput and availability next door.”

Sunil Mehta, CEO, Next Retail