Raymond plans to open 500 more Indian stores by 2021
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Indian retailer Raymond is set to operate 1500 stores across the territory within two years.
The firm currently runs 1000 branded stores and 500 outlets under other brand names across 600 cities in India. It will seek to expand its home brand in lower-tier cities via a franchise model.
Raymond stores average 2000sqft, although the firm has been focused on establishing smaller-format stores over the past 18 months.
Indian retailer Raymond currently runs the largest branded fashion retail network within India and also operates in Bangladesh, Nepa, the Middle East and Pakistan. It has plans to enter the US market in “the near future”.
Questions & Answers
Q.Which brand will Raymond focus on expanding in new areas?
Which brand will Raymond focus on expanding in new areas?
Raymond plans to expand its home brand in lower-tier cities. This expansion will be carried out using a franchise model, allowing local partners to operate the stores.
Q.What is the typical size of a Raymond store?
What is the typical size of a Raymond store?
Raymond stores typically average 2000 square feet. However, the company has recently focused on establishing smaller-format stores over the last year and a half.
Q.Where does Raymond currently operate outside of India?
Where does Raymond currently operate outside of India?
Raymond currently operates in several international markets. These include Bangladesh, Nepal, the Middle East, and Pakistan, with plans to enter the US market soon.
Q.How many stores does Raymond currently operate under other brand names?
How many stores does Raymond currently operate under other brand names?
Raymond currently operates 500 outlets under brand names other than its primary one. These stores contribute to its overall network across 600 cities in India.
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