One of India’s largest entertainment and lifestyle retail chains, Planet M Retail Ltd., is set to open three new stores. Each of the stores is expected to be over 1,000 square feet in size as per the retailer’s ‘superstore format’.
Speaking exclusively to IndiaRetailing Subir Ghosh, CEO, Planet M Retail Ltd., said, “We are about to open three superstore format stores in a couple of months’ time — one each at Mantri Mall, GVK One and Korum Mall in Bangalore, Hyderabad and Thane respectively.”
Ghosh, however, declined from sharing details on total investment in the upcoming stores.
At present Planet M has 275 stores with total retail space of 1.75 lakh square feet speread across Pune, Bangalore, Mangalore, Hyderabad, Chennai, Mumbai, Thane, Vashi, Nerul, Nagpur, Nashik, Indore, Aurangabad, Ahmedabad, New Delhi, Ghaziabad, Noida, Gurgaon, Lucknow, Allahabad, Varanasi, Dehradun, Kanpur, Jaipur, Jamshedpur, Chandigarh, Mohali, Patiala, Ludhiana, Jalandhar, Jammu, Kolkata, Tinsukia, Shillong, Bhubaneswar, Guwahati, Patna, Kochi, etc.
— Diwakar Kumar