Welspun Retail to spread its wings

The retail arm of Welspun India Ltd, Welspun Retail is planning to add 50 stores by the next financial year making its store tally to 250. This raise can be attributed to a demand revival for the company’s products this fiscal year. As told to Abha Garyali of FIHL, Welspun will open its stores mostly by the franchise route in the metro cities. The franchisees will be chosen on purely merit basis.

The firm would re-open around 10 stores that it had closed due to the economic downturn. Welspun Retail expects revenues to touch Rs1.2 billion by March 2010.