Pantaloons to add 18 new stores

Pantaloons is eyeing an aggressive expansion of its network across the country especially in smaller towns, and plans to open 18 stores in the next fiscal. This retailer also plans to spend between Rs. 30-40 crore on upgrading and renovating existing stores.

Presently, Pantaloons has 77 stores across 38 cities.

Shital Mehta, CEO, Pantaloons Fashion, said, "In the next financial year, we would accelerate our expansion and add a new store every three week.”