Retail News India: Max Retail, the value fashion retailer of Landmark Group which set up operations in India in 2006, expects to cross the milestone of 100 stores and Rs 1,000 crore turnover by the end of the current fiscal in March. The company expects to clock a growth of 30% over last year.
Max currently has 90 stores in top 40 cities and will be adding 10 more before this March to have a total store count of 100. Going forward, the company plans to open 30 stores every year, investing around Rs 15 crore. It will strengthen its presence in the metros and mini metros rather than penetrating further into smaller cities.
Source: retailangle
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