Raymond to unfold new retail stores

Raymond Ltd is planning to target revenues of Rs 200 crore with the launch of 300 more retail shops by March 2011. Marking an investment of Rs 100 crore, which would be shared between the franchises and the textile company, it has targeted smaller towns and cities to expand into the country’s hinterland with its ‘Raymond Shops’.  The company is targeting smaller towns and cities for new growth corridors for retailers and it will offer an unmatched opportunity for signage supplying companies.