Koutons Retail India plans to open 200 stores in FY11 in addition to its existing 1,400.
Akash Deep Sandhu, general manager of sales and marketing, said, of the 200 stores, 100 would be family concept stores, which would include women and children's wear. "We are moving from the men's model to the family concept model as it creates a bigger shopping basket," he said, adding the family concept model was still in the initial stages.
The firm will also consider opening stores in the Middle East and South East Asia in the next fiscal, he said but did not give details. He also said that banks were still tight in lending to the retail sector, adding the firm has not yet set a capex for the next fiscal