Retailigence

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Hanung Retail plans 50 stores by 2009 end

Posted by retailigence on October 5, 2008

Hanung Retail, retail arm of Hanung Toys and Textiles plans to open 50 home furnishing and soft toys stores by the end of this fiscal with an investment of Rs 4.5 crore.

The company plans to open 30 stores of Play-n-Pets, which showcase wide range of toys and 20 Splash stores of home furnishing by 2008-09.

Since the company has adopted franchise route for its retail format, the capital expenses for opening store is estimated at Rs nine lakh per store. Initially, Hanung has plans to cover north India for its stores.

Source: Financial Express

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