Gitanjali Group plans to open up to 20 large-format ‘Maya by Gitanjali Lifestyle’ stores by December this year, with an investment of 100 crore. Most of these only-for-women departmental stores will come up in Tier III and IV cities to get first movers advantage. The company will convert the outlets of retail chain Salasar Retail, in which it acquired a majority 76 percent stake last year, into Maya by Gitanjali Lifestyle stores. Currently Salasar Retail has 11 stores out of which two are in Delhi and the remaining are in smaller cities such as Raipur, Gwalior, Kanpur and Guwahati. The new Gitanjali stores across the country will be a new business opportunity for in-store signage companies.
