Future arm plans Rs 500 crore expansion
Home Solutions Retail India, a part of the Future Group, has announced a Rs 500-crore expansion plan in consumer durables and electronics retailing.
By TNN |
MUMBAI: Home Solutions Retail India, a part of the Future Group, on Monday announced a Rs 500-crore expansion plan in consumer durables and electronics retailing. As a part of this, its retail formats—eZone and Electronics Bazaar—announced plans for aggressive growth.
eZone, the electronics and consumer durables store chain in the lifestyle segment, announced plans to dominate the consumer durables and electronics segment from the current 26 stores to about 75-100 stores across the country in the next 18-24 months. Electronics Bazaar, which focuses on electronics and consumer durable products in the value segment, will increase its presence to 200-250 stores in the next 18-24 months.
Said Hemchandra Javeri, CEO, Home Solutions Retail, "We understand that due to the booming economy and rising disposable incomes among Indian consumers, there is a noticeable rise in consumer spend in consumer durables and electronics category. We will be better positioned to meet this increased demand, through the planned expansion."
eZone, the electronics and consumer durables store chain in the lifestyle segment, announced plans to dominate the consumer durables and electronics segment from the current 26 stores to about 75-100 stores across the country in the next 18-24 months. Electronics Bazaar, which focuses on electronics and consumer durable products in the value segment, will increase its presence to 200-250 stores in the next 18-24 months.
Said Hemchandra Javeri, CEO, Home Solutions Retail, "We understand that due to the booming economy and rising disposable incomes among Indian consumers, there is a noticeable rise in consumer spend in consumer durables and electronics category. We will be better positioned to meet this increased demand, through the planned expansion."
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