Canon plans 100 stores in 50 cities

Canon India has clocked Rs 1,257 crore turnover during 2010, as against Rs 840 crore the pervious year. The company is now focusing on opening a chain of 100 Canon stores across 50 top cities and towns during 2011. Canon India initiated the opening of branded stores in 2010 and has so far set up five stores, of which four have been opened in Delhi and one in Bangalore. The expansion is to create consumer awareness, which is lower amongst general consumers and the company further plans to extend its wings in other cities that would be an added advantage for the signage companies such as PSPs, fabricators, sign suppliers, etc to tap new business in the in-store signage segment.