Raymond to add 100 stores by 2012

Textiles and apparel maker Raymond recently announces that the company would add 100 stores by investing Rs 37.50 crore in the coming 2012 fiscal to strengthen its foothold in clothes retailing. The move is aimed at strengthening its presence in the Indian market at a time when foreign brands are waiting for a share of the domestic apparel market, estimated to be at over Rs 75,000-crore. Voila! This new swift in the textile and apparel sector will offer a new business opportunity to the signage companies whose business revolve around in-store displays.

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