Friday, December 4, 2009

Koutons to Add 100 Stores This Year

Retail apparel firm Koutons India, with an aim of expanding its presence in India, has mentioned that it will be coming up with 100 new stores across the nation. It also mentioned that it hopes that its revenue witnesses a growth of 35% during the 2009 – 2010 fiscal year.

"We are planning to open at least 100 more stores, taking our retail chain's strength to 1,500 stores’, said the Koutons Retail president Balvinder Singh while addressing the media on the margins of an event in New Delhi.

"We are on an expansion mode, and our franchise business model is doing well specially in tier II cities. This year even amid slowdown, we are expecting a growth of 30-35 percent," he added.

In 2008-09, the company had posted a turnover of Rs.1,000 crore.

Koutons is looking to consolidate its presence across the different regions of the country to have a penetrated national foot print.