Home Solutions to scale up retail

Home Solutions Retail is looking to scale up its home improvement and consumer electronics retail formats aggressively. Part of Kishore Biyani’s Future Group, the company is planning to expand its format stores across India with an eye to clock a turnover of Rs 5,000 crore by 2009-10, reports Our Bureau from Kolkata. The company’s outlets cover some 4 lakh sq ft of retail space. Home Solutions has four formats under its fold — Collection-i (furniture and furnishing store), eZone (consumer electronics and gizmos), Home Town (an integrated format of furniture, home improvement and consumer electronics) and Furniture Bazaar (a speciality furniture store). Outlining future growth plans, Home Solutions Retail (India) head (operations) Kush Medhora, told ET: “As part of our strategy, we plan to scale up our operations rapidly and clock a turnover of Rs 5,000 crore by June 2010. We intend to have 60 Collection-i format stores from 8 now, about 100 eZone outlets against 13 and some 28 Home Town outlets from the sole Noida store.”

Courtesy: EconomicTimes