Gitanjali Gems unit to add 40 multi-format stores

Gitanjali Lifestyle, a unit of Gitanjali Gems, is going to add 40 multi-format stores under its ‘Maya’ brand in the next three years and expects revenue of 10 billion rupees from multi-format stores. The company would spend 700-800 million rupees annually for retail expansion under the 'Maya' brand. The multi-format stores acquired by Gitanjali Lifestyle after it took a 76 percent stake in apparel firm Salasar Ltd will be a new landscape to explore for signage players, such as in-store media companies

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JK Lifestore in expansion mode

JK Lifestore under JK Masale Group recently introduced its second outlet in West Bengal at Howrah, Kolkata—the first being in Phoolbagaan area in the city. The next store will be at Ballygunge area and the comany is planning to further expand more in the city, a total of eight to 10 stores in next three years, and spent an estimated Rs 6 crore on the proposed expansion. The new high-end JK Lifestore will be an opportunity for in-store media companies

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Marks & Spencer to scale up India operations

Marks & Spencer, the company present in India through a JV with Reliance Retail, is also looking at increasing its product range in the country. The company has 14 stores across seven cities in India and further plans to open at least 50 new stores over the next few years. The company believes that India offers significant expansion opportunities and the potential is huge with a wider range of products, bigger M&S stores and a better brand experience overall.

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Spain's Zara rolling out 5 outlets next year

Spain's Inditex, Europe's largest clothing retailer, is foraying into the Indian market by rolling out first five branches of its flagship Zara brand next year. Starting in New Delhi early in the year 2010 followed by Mumbai and then other cities, Zara's new stores over the next few years will be hitting the Indian market in a big way. Industry experts believe that the move will lend a big business opportunity to in-store media companies

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Bharti Retail entering ino new zone

Bharti Retail is looking to enter a new zone by 2010 end, which could either be the western or southern part of the country. Currently, the retail giant’s operations are concentrated only in northern India through its 70 Easyday neighbourhood retail stores and Easyday Market compact hypermarkets and a single cash-and-carry store through its joint venture with Wal-Mart. Bharti Retail has drawn up a 10-year roadmap till 2017, by when it plans to invest $2 billion across its formats, for which it will need to raise funds. Such new expansion move of the retail giant will open a new window to the country’s signage sector,

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