M&S To Double Its Store Count In India
Marks & Spencer intends to double the number of stores it operates in India over the next 15 months, by opening new supermarkets in areas in which it already has a presence, as well as enter new areas of the country, the Wall Street Journal reports.
The British chain is already present in 21 Indian cities, among which are Delhi and Mumbai, but will shortly initiate the construction of stores in Jalandhar, Vizag and Vijayawada, among other locations. The premise for this is that there “is an instinctive understanding of M&S in India,” Patrick Bousquet-Chavanne, M&S' head of international business stated.
The company operates in the Indian market in conjunction with the Mumbai-based Reliance Industries.
By the end of 2015, M&S will have 100 outlets in operation in India, which is already its most important market outside the UK in terms of store numbers.
© 2015 European Supermarket Magazine – your source for the latest retail news. Article by Peter Donnelly. To subscribe to ESM: The European Supermarket Magazine, click here.