Panasonic Life Solutions to open 130 new stores by 2022

Panasonic Life Solutions India, a wholly-owned subsidiary of Panasonic Corporation, plans to open 130 stores across tier I and tier II markets in India by the end of financial year 2021-22. The company has launched its first store in Hyderabad. Panasonic Life Solutions India is an electrical construction materials manufacturer and its products are available across the country under the brand ‘Anchor by Panasonic.’ The exclusive brand store, spread across an area of 6000 sq ft will offer its customers home automation, smart and energy saver products from both the brands Anchor and Panasonic. By FY2022, Panasonic Life Solutions India aims to open 130 such experiential stores and become a billion-dollar company. Signage companies must roll up their sleeves as new business opportunities keep pouring in with the opening of new high-end retail outlets across India.