Raymonds on expansion Spree

April 8, 2007

Raymond Ltd is all set to expand its retail presence from existing 350 stores to 950 by 2010. Raymond Ltd today launched the company’s 350th store – The Raymond Shop in Mumbai.

Each Raymond Shop is of 2,500-3,000 sft and will cost the company Rs 5 Million to setup. As on today, the company has 1 Million sft of retail space and this will be doubled in the next 3 years.

The Raymond Shops were the first one to enter Tier-II and Tier-III cities in India. All these shops stock brands such as – Park Avenue, Color Plus, Manzini, Notting Hill and Parx. The company is also expanding its presence in Bangladesh and Sri Lanka.


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