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Reliance Retail plans 45 books & music stores by 2014

Under the brand name of Reliance TimeOut, Reliance Retail has planned to open as many as 45 book and music stores over the next five years. The multi-format retailer, which operates seven stores of TimeOut currently aims at tapping Rs 3,500-crore book retailing industry, of which only 40 percent is organised at present. The newly planned TimeOut outlets will hit across four states – mainly in Western and Southern regions. The company’s strategy is to first saturate a town, then a state followed by the entire region and it will pour in a big opportunity for the signage players like in-store media companies and signage suppliers.

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