Carrefour to unveil 4-5 India stores by end-2010

Carrefour has secured four properties in four cities across India and plans to set up 4 to 5 cash-and-carry stores by the end of 2010. The French retail giant has signed for properties averaging about 100,000 square feet each in New Delhi, Bangalore, Chennai and Hyderabad and is in the process of signing up a fifth property in Mumbai. The first outlet is set to be opened in July in New Delhi, where it has signed a 20-year lease with real estate developer Parsvnath Developers for 100,000 square feet of space. Voila! The opening of new mega stores across the major Indian cities will be a sunshine opportunity to the signage sector where in-store media companies could tap new business.