Google News
spot_img

X-cite rubbishes exit rumour, to expand in Delhi

Must Read

Vehemently refuting what it called ‘idle speculation rather than an impartial investigation of facts’, consumer electronics retailer X-cite has said that far from shutting shop in India, it is instead poised to expand its store network into Delhi. Responding to a news item that appeared in Financial Express suggesting X-cite’s exit from India, Ashutosh Saxena, head – Marketing & Products Management, X-Cite, told IndiaRetailing, “The said piece of article is completely baseless and incorrect; far from selling out our chain, we are in fact in the process of opening our 7th store in Shoppers Stop, Rajouri Garden, Delhi by the end of the month.”

X-cite is operated in India by Impact Retail, a franchisee of Kuwait-based Alghanim Industries, and promoted by Tony Jashanmal. The company currently runs six X-cite stores across India.

— IndiaRetailing Bureau

Latest News

Retail boom in sacred cities driven by a surge in spiritual tourism

Growing tourism is attracting retail brands to establish a footprint in these potential market  New Delhi: Retail chains are capitalising...