Max Retail to open 50 stores

Max Retail, a part of Dubai based Landmark group, already having presence with three retail store in Ahmedabad, Bangalore and Indore, has launched its fourth store in New Delhi on the 5th October, 2006. Future plans for Max Retail include setting up of 50 stores across India in the next four years at an investment of about Rs 100 to Rs 120 crore. Of these, new stores in leatherbag Agra, Lucknow, Hyderabad and Mumbai will be launched in the next quarter, said Max Executive Director Vasanth Kumar. All stores will be situated in the malls, he added. Max Retail offers apparel for women, men and children besides accessories and footwear in the mid market segment price range of Rs 99-599, reports the Economic Times.

“Of the Rs 85,000 crore apparel segment in the country, nearly Rs 50,000 crore constitutes the mid segment, which is growing at 14 per cent annually. We would cater to this segment and are eyeing a turnover of Rs 15-18 crore per store and a growth of 10-15 per cent every year,” “Of the Rs 85,000 crore apparel segment in the country, nearly Rs 50,000 crore constitutes the mid segment, which is growing at 14 per cent annually. We would cater to this segment and are eyeing a turnover of Rs 15-18 crore per store and a growth of 10-15 per cent every year,” Kumar said Kumar.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s