Hanung Retail targets 50 stores by 2009 end

Since the company has adopted franchise route for its retail format, the capital expenses for opening store is estimated at Rs 9 lakh per store. Initially, Hanung has plans to cover north India for its stores. The company will open stores in Uttaranchal, Allahabad, Lucknow, Gorakhpur, Ludhiana, Jalandhar, Mohali and Amritsar. Thanks to the expansion, the country’s outdoor media company must be pleased to explore the new landscape of Hanuing Retail.