S Kumars set to increase outlets 10 times in 3 years in India Retail Industry

S Kumars Nationwide (SKNL), the textile and apparel major, is gearing up to strengthen its retail presence by scaling up its retail business into a new strategic business unit and list the same on the exchanges within a quarter.Within the next three years, the company plans to expand its current retail network from about 90 stores to 1,000 exclusive stores. The company is also negotiating with many international brands so as to exclusively introduce them in India.Of the four international brands planned for this year, SKNL wants to launch two by September, 2007. The company is launching in near future Stephens Brother, a formal wear brand in the super premium segment. Besides, Stephens Brother, SKNL will also set up outlets for two new international brands - Escada and Dunhill.SKNL will focus on fashion and accessory retailing and mostly deal with luxury, high-end super brands in the country.

Courtesy: EconomicTimes
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