Raymond to triple retail shops by 2010

Raymond to triple retail shops by 2010
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First Published: Mon, Apr 09 2007. 10 29 AM IST
Updated: Mon, Apr 09 2007. 10 29 AM IST
Reuters
Mumbai: Indian apparel and suit maker Raymond Ltd plans to nearly triple the number of retail stores it has in the country by 2010, it said.
Raymond, which makes fabric and apparel, will have 950 stores by 2010 up from 350 now, its chairman said.
“Retail is intrinsic to our business and we continue to push aggressively on this front,” Gautam Singhania said. A booming economy and rising incomes are boosting the expansion of organised retailing in India.
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First Published: Mon, Apr 09 2007. 10 29 AM IST
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