Raymond taking franchisee route to open 100 stores

Raymond is planning to open 100 retail stores through its franchisee network in tier-IV and V cities, such as Bijapur, Mandya and Bellary in Karnataka; Ahmednagar and Bhandara in Maharashtra, among others this year. This is in continuation to 76 franchise stores the company opened with an investment of around Rs 25 crore. The branded apparel and textile major currently has approximately 10 lakh sq ft of retail space across 520-odd stores. Of these, around 60 are owned by the firm. The new high-end suiting and shirting showrooms will be new dens to hit upon for signage players like in-store media companies, sign suppliers, print providers, etc.