Globus to add five new outlets

Globus Stores Private Ltd, one of the leading apparel chains promoted by Rajan Raheja Group, is adding five new stores to the existing 25 across the country. The company, which felt the downturn pinch and was a tad slow in store openings last year, is out of the recessionary phase and hopes to improve its top line in the current financial year. Globus now picks up business and hoping to achieve a growth of 17-18 percent this year. When it is Globus growing business with the addition of new outlets, on the other side will be the in-store signage companies who could eye to tap a new business around the newly opened high-end apparel stores.