Odyssey- the South-based book and entertainment retail chain, is expanding furiously. Against present 13 stores spread across six cities — Chennai, Hyderabad, Salem, Coimbatore, Tiruchi and Varanasi — it wants to at least have 20 new stores by March-end. It will be adding 65,000 sq ft in retail space to its existing 80,000 sq. ft., reports the Hindu Business Line.
Odyssey has partnered with Deccan Chronicle promoters Ravi Reddy and Ram in Hyderabad, and V Subramaniam, a silk trade entrepreneur, in Varanasi.
In the next two years, the retail chain plans to invest around Rs. 125 crore, add about five lakh sq ft in retail space, and have presence in 20 cities across the country, including Pune, Vizag, Mumbai, New Delhi and NCR, Chandigarh, Mangalore and Thiruvananthapuram.
Odyssey opened its first store in Bangalore yesterday with plans to add two more stores soon.