Retailigence

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Vishal Retail to add 100 stores by 2009

Posted by retailigence on October 13, 2008


Vishal Retail plans to add 100 large and mid-sized stores by 2009. The company also aims to add another five lakh square retail space to its existing 21 lakh square feet. “We have currently 160 stores in large hypermarkets and midmarket formats in almost 100 cities across the country. We are now planning to open additional 100 odd stores in the two formats and take the total number to 260 by 2009,” Vishal Retail Group president Ambeek Khemka said. Of the additional 100 stores planned, around 50 would be franchisee operated while the rest would be company-owned, he added.

Source: Economic Times

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