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Globus is planning to add five new outlets

Globus Stores Private Ltd is adding five stores to the existing 25 across India at an estimated investment of Rs 25-30 crore. The company is now out of the recession phase and aiming to improve its top line in the current financial year. The company reported revenues of Rs 180 crore and grew at 4 percent. The buoyancy in the company’s business was visible from August last year, when the stores recorded a 25-30 percent increase in footfalls. The company’s new expansion move is a sign showing the ushering of a new business opportunity for the signage players exclusively engaged in in-store segment.  

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