Pantaloon Retail India Ltd, will expand the number of Big Bazaar stores it operates in India. The company will invest Rs 1,000 crore this year to reach the 100 stores mark by December 07.
Nike India will start selling Nike branded Watches and Eye Wear in India. These will be sports specific and related to sports training. The organized retail sportswear market in India is worth Rs 1500 crore and has the potential to touch Rs 4,500 crore. Nike has over 100 stores in India and will add another 50 by March 2008. Nike India’s sales compared to global sales is negligible but the Indian arm is growing at 50% YoY.