Seiko plans to expand and expects double-digit growth

Seiko intends to expand its retail network in India to 250 over the next two years through tie-ups with retailers. 

“Over the next two years, we want to take our retail touch points to 250 through tie-ups with multi-brand stores. We are currently present in 46 cities through 123 high-class retailers,” said Mr Niladri Mazumder, Head-Sales and Marketing, Seiko Watch India Pvt Ltd. 

The 129-year-old Japanese watch-and-clock company is eyeing a double-digit growth from the Indian market, where sales have been relatively unaffected by the economic meltdown compared to western economies. “We are eyeing a double-digit growth of 20-30 per cent in 2010. Globally, our sales were affected by about 20-30 per cent during the recession but sales in India were picking up during that period,” said Mr Tetsuji Ishimaru, Managing Director, Seiko Watch.