Marks & Spencer plans to open 100 stores in India by 2016
B
Britain's largest clothing retailer Marks & Spencer said that it will open 100 stores in India by 2016.
MUMBAI: Britain's largest clothing retailer Marks & Spencer on Tuesday said that it will open 100 stores in India by 2016 instead of 86 as planned last year.
The clothing retailer, which runs 40 stores in the country, said its Indian same-store-sales grew 13 per cent in the fiscal year ended March 2014.
Same-stores-sales is a key performance metric for retailers and measures sales growth at stores open for more than a year. Comparative figures from a year earlier were not available. rs ago, M&S identified India as a priority market and chief executive Marc Bolland last year said that the company planned to offer more stylish and fashionable clothes to Indians after years of struggling with brand positioning in the country.
M&S faces tough competition in India from the world's biggest fashion retailer Inditex SA and its Zara brand.
Marks & Spencer operates in India in a joint venture with Reliance Retail, a unit of billionaire Mukesh Ambani's Reliance Industries.
"Together with our partner Reliance Retail, we are continuing to invest into accelerating our growth in India as we build a leadership position in the market," said Venu Nair, managing director of Marks & Spencer Reliance India.
The clothing retailer, which runs 40 stores in the country, said its Indian same-store-sales grew 13 per cent in the fiscal year ended March 2014.
Same-stores-sales is a key performance metric for retailers and measures sales growth at stores open for more than a year. Comparative figures from a year earlier were not available. rs ago, M&S identified India as a priority market and chief executive Marc Bolland last year said that the company planned to offer more stylish and fashionable clothes to Indians after years of struggling with brand positioning in the country.
M&S faces tough competition in India from the world's biggest fashion retailer Inditex SA and its Zara brand.
Marks & Spencer operates in India in a joint venture with Reliance Retail, a unit of billionaire Mukesh Ambani's Reliance Industries.
"Together with our partner Reliance Retail, we are continuing to invest into accelerating our growth in India as we build a leadership position in the market," said Venu Nair, managing director of Marks & Spencer Reliance India.
Hi guys If u like this post please leave a comment in comment box... comment box will top right of every post and bottom of every post. its useful for me give a better information.. check top of the blog there is menu bar in that go to comments i replied for u r comments because there is no direct option for reply for u r comments. if u want to give any suggestion in bottom of blog there is contact information option please leave a msgs with u r mail id sure i will get u.
.
0 comments:
Post a Comment