Pantaloon Retail India Ltd which added retail space at snail’s pace in 2007 due to skyrocketing realty prices is still talking high like any other retailer in India. eZone and Electronics Bazaar – are the lifestyle and value segment consumer durables and electronics stores from Future group.
eZone is currently the number two retailer in its category behind Next retail. Currently there are 26 eZone stores and they would like to take the count to 100 within the next 24 months. The store count of Electronics Bazaar is planned to cross 200 by 2010. The company plans to invest $100 to $120 million in this expansion.
Mr. Manoj Kumar, CEO of eZone and Electronics Bazaar said,
The last one and half years have been an exciting journey from eZone and Electronics Bazaar. From zero to 104 stores across 48 cities, especially in the highly competitive marketplace is an achievement that we take pride in. We will continue to provide a superior shopping experience and great deals to consumers to focus on dominating this space.
Their private labels – Koryo and Sensei have received fantastic response from consumers. 15% of their revenues come from these private labels and are backed by after sales service network at 52 centers across 45 cities.