Tuesday, September 05, 2006

Pantaloon looks to having 40,000 stores by 2010

More news on the Future Group:

The Future Group's retail division, Pantaloon Retail India Ltd. (PRIL) is planning a Rs. 20 billion expansion and has acquired 4 million sq ft of land in various locations in the country and will soon be acquiring another 46 million sq ft of land by 2010. The company plans to have 40,000 stores in 90 cities in formats such as eZone, Collection I, Furniture Bazaar, Big Bazaar, Central Mall and Electronic Bazaar, targeting Rs. 300 billion as turnover.

PRIL plans to open 22 Central malls, more than 100 Furniture Bazaars, 85 eZones and 130 Electronic Bazaars. The company’s home furnishings division, Home Town will open in Noida in November this year, with stores in Pune and Bangalore early next year.

Read the full article here.

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