Titan To Add 40 More Stores By March Next

Hindu Business Line:

Tata group company, Titan Industries, plans to augment its store network pan-India by adding nearly 40 Titan stores by March 2010, a top company official said.

“We plan to add 40 stores of which half would be company-owned and the balance franchisee stores. For our ‘World of Titan’ stores, we have earmarked Rs 50-lakh per store,” Titan Industries COO Harish Bhat told PTI here. The company has identified Chenn ai, Delhi, Kolkata, Salem, Pune and Madurai, amongst other locations for setting up its new stores.

Presently, the company has 260 stores. It plans to have a 275-strong network by end-March 2009. Of the existing 260 stores, 10 per cent are company-owned and 90 per cent are franchisee stores. The global meltdown had not hit the company’s busines s, Mr Bhat said.