M & S Reliance Retail India plans 15 stores in 2 years
With the aim of increasing the brand visibility, Marks and Spencer
July 23, 2010 | comments ( 0 ) |
With the aim of increasing the brand visibility, Marks and Spencer Reliance India, a tie up between Mukesh Ambani-run Reliance and UK-retailer Marks and Spencer Plc, plans to open 15 stores within two years, focusing mainly in the metros cities.
In order to display the wide range of product catalogue properly, the company desires to spacious stores approximately 10-15.
In 2008 when the two companies mingled, it aimed at opening around 50 stores in India in the next five year which is still their target.
Currently, the company has 18 stores across India in destinations such as Delhi, Amritsar, Mumbai, Pune, Ahmedabad, Kolkata, Bangalore, Hyderabad and Chennai with an average size of about 5,000 sq ft to over 22,000 sq ft.
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