Infinity Retail Ltd goes for furnishing, footwear

INFINITY Retail Ltd, a fully-owned subsidiary of the Tata Sons which recently launched two consumer electronics and durables stores Croma in Mumbai now plans to set up speciality stores for different segments such as home furnishings and footwear amongst others. “We are considering to sell products in different market segments. No concrete plans have been drawn up so far,” Infiniti Retail CEO Ajit Joshi told ET.He says the retail sector is still at a nascent stage and there is a lot of scope across segments. Presently, the company has two such stores in Mumbai and plans to set up two more in the city coming months. The company plans to set up over 100 stores across the country by 2010. The electronic and durable goods segment is already generating interest among players such as Reliance, which plan to set up stores in this segment. “Competition will be there, but considering the share of organised retail, there are tremendous growth opportunities,” said Joshi. Infinity plans to set up 17 stores across Gujarat, including cities such as Surat, Vadodara, Mehsana, Anand, Rajkot and Vapi.

Courtesy: EconomicTimes
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