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Citizen – Open More Exclusive Outlets

October 1, 2008


As the Economy reels under pressure and Real Estate prices nose diving, it is one of the best times for Retailers to expand. Japanese state of the art watch maker, Citizen has planned a Rs 20 crore expansion in India.

Currently, Citizen operates 38 exclusive outlets across India with presence in 250 multi-brand outlets. The company plans to open 5 more franchisee outlets of which 2 will be in Delhi NCR. They will also open 5 more exclusive Citizen brand outlets, mostly in Tier-I cities and increase its presence in multi-brand outlets.

Citizen’s operations in India hopes to grow by 25% this fiscal and achieve a turnover of Rs 75 crore.

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