Mothercare to open 70 stores in India

    Mothercare to open 70 stores in India

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    Britain’s leading retailer, , said it will open 70 stores in India by March 2011, growing to at least 200 by March 2015.
     
    Mothercare, which operates in India through a with New Delhi-based firm as well as through a franchisee arrangement Shopper’s Stop Ltd, said it now expected total overseas network sales to double to around £1bn by 2014. The group issued new guidance to coincide with an investor and analyst event in New Delhi.
     
    The company plans to increase its overseas retail space by 15-20 per cent per annum and plans to add 175 new overseas stores in the current financial year.

    — IndiaRetailing Bureau