<
Tata’s electronic and consumer durables retail chain — Croma — plans to step up the pace of store openings in 2010 to take advantage of increasing consumer spends on the back of higher economic growth, according to a top company executive.After adding about one store a month in the last nine months, Croma plans to open four new stores every month in the current quarter and open two or three stores a month after that.
“We are upbeat about the coming quarters,” says Ajit Joshi, managing director and chief executive of Tata Sons unit Infinity Retail, which runs Croma stores. Croma has 40 stores across the country. On an average, it spends Rs 3 crore on opening a store.
Source - Click here to see the original article to know more