Wednesday, December 19, 2007

Future Group's Home Retail expanding aggresively

Home Solutions Retail Ltd (HSRL) which is owned by the Future Group, announced that it will be investing Rs. 500 crore for both of its consumer durables and electronics retail segments. The proposed investment will be over the duration of the next two years.Its eZone outlets will increase from 26 to 100 stores, and Electronics Bazaar will increase from 65 to 200 stores. Hemchandra Javeri, chief executive officer of HSRL, emphasized that both segments were expected to bring in revenues of Rs 800 crore by 2007-08 and Rs 3,000 crore by 2009-10. He said that, “By expanding both the value and premium formats, we want to explore the total opportunity. We want to dominate big cities and tier-II towns and stay ahead of competition.”

No comments: