Raymond to nearly triple retail shops by 2010

Apparel and suit maker Raymond Ltd plans to nearly triple the number of retail stores it has in the country by 2010, it said. Raymond, which makes fabric and apparel, will have 950 stores by 2010 up from 350 now, its chairman said in a statement. "Retail is intrinsic to our business and we continue to push aggressively on this front," Gautam Singhania said. A booming economy and rising incomes are boosting the expansion of organised retailing in India.
Courtesy: EconomicTimes