Carmichael House to set up 24 stores by October 2006 end

Business Standard reports that S Kumars home furnishings brand Carmichael House will have 24 stores by the end of the month. So far, the company has 8 stores in India. While 30% of the stores will be company owned, the balance would be franchises. The Carmichael House brand was launched in August 2006 and has registered Rs. 30 crore in sales and is targeting Rs. 100 crore by March 2007. The company has 27% of the organized home textiles segment, which is estimated to be worth Rs. 350 crore.