Raymond to expand capacity, retail footprint

Leading textiles maker and retailer Raymond Ltd plans to add about 100 retail outlets this fiscal as domestic consumer sentiment turns buoyant though demand from some developed economies have not matched expectations. The company plans to open up to three-fourths of the new stores in non-metros and class IV and V towns. Also in the expansion plan is the company’s shirtings capacity by 10 million metres per annum under its joint venture with Italy’s Gruppo Zambaiti. Raymond outlets will definitely a ‘Complete’ business opportunity for the signage companies dealing with retail sector/in-store displays.