Business Standard

Raymond to expand retail outlets overseas

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Press trust of Idnia Kolkata

Garment and apparel manufacturer Raymond today said it will increase the number of its retail outlets overseas to 50 over the next few years.

Raymond has 36 overseas The Raymond Shop (TRS) retail outlets in the Middle East, Bangladesh and Sri Lanka, company president (retail) Aniruddha Deshmukh said here today.

"We plan to take it to 50 over the next few years," he told reporters here.

He said that the focus markets are the Middle East and South Asia.

The company also planned to achieve a export turnover growth of 20 per cent in the current fiscal. Last fiscal, the company had witnessed a de-growth in exports.

 

In the domestic market, there were 464 retail outlets under the TRS brand. The company planned to expand its presence in the country by going to class four and class five towns.

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First Published: Oct 07 2009 | 7:34 PM IST

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