Raymond to open 500 new outlets

Raymond, pioneer in textile and apparel retailing in India is all set to expand pan India by opening 500 new stores in next three years. All the outlets will be opened via franchise route in tier III, IV and V cities across the country.

The brand currently, has 670 outlets running successfully all across the country whereas targets 200 new locations for its expansion.

According to Rakesh Pandey, President – Retail and Business, “Given the improved standards of living and subsequently growing consumer demand fuelled by media and travel exposure in these small towns, we plan to launch 500 more outlets in the next three years in around 200 new locations which we have identified as potential retail markets. Most of these outlets would be franchised to tap the potential of the local entrepreneur’s market and consumer knowledge.”

To attain the franchise of Raymond, investment of Rs 60-65 lakh is required initially along with the area of 1,000 - 500 sq. ft.

Raymond provide customers total textile solutions with diverse product range of nearly 20,000 varieties suiting to cater to customers across age groups, occasions and styles.