Welspun Retail to add 50 stores in FY10

Welspun Retail to add 50 stores in FY10

Mumbai: Welspun Retail, the retail arm of Welspun India Ltd, expects to add 50 stores in FY10 due to a demand revival this fiscal, taking its store tally to 250, its director said on Thursday.

The firm would re-open around 10 stores that it had closed due to the economic downturn in October, Dipali Goenka told reporters on the sidelines of a retail conference.

Welspun Retail expects revenues to touch Rs1.2 billion by March 2010. In FY09 it had a turnover of Rs1.15 billion

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