Retailers high on rising footfalls, store expansion

Improvement in operational performance, fresh equity investments and FDI proposals has augured well for the organised retail sector in India. IIFL believes India’s largest listed retailer, Pantaloon Retail, is likely to increase its retail space over the next two-three years from an annual rate of two million sq ft currently to three-four million sq ft. The review shows performance of other retail giants like Koutons Retail, Pantaloon Retail, Shoppers’ Stop and Trent. Visibility to such mega expansion plans is a likely to contribute new business opportunity to in-store signage companies and others associated with retail sector.