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Posted: Monday, May 12 2008. 10:52

Pantaloon to Expand Central Malls

Pantaloon Retail (India), the flagship company of the Future group promoter Kishore Biyani, is expanding its retail chain 'Central' by setting up new mall format stores according to a news report published by Indiaretailbiz.com .

It plans to open 7 such stores in 2008 in metro cities like Mumbai and Bangalore and tier-II and tier-III cities like Ahmedabad, Nashik, and Vashi, taking the total number to 12.

'Central' is a first of its kind showcase, seamless mall in India. This pioneering concept was created with a view to give a pure and total shopping experience to urban, discerning and aspiring customers in India.

These stores offer products of over 500 well known domestic and international brands. Besides housing supermarkets and food courts they create an experience of 'celebration' and might even offer facilities for night clubs and pubs. The new 'Central' mall complexes, according to company officials, would also house multiplex theatres.

The premium chain, which began operating four years ago from Bangalore in May 2004, is currently running five stores at Bangalore, Pune, Vadodara, Gurgaon, and Hyderabad.

'Central' stores are housed in big-format mall complexes that occupy around a 100,000 square feet area set up at an average cost of about Rs 2,500 per square foot.

The company expects to fetch revenues worth Rs. 14 Billion ($350 mill) by next June.

Comments:

 
 

SHASHANK SHRIVASTAVA Says:

I HAVE A NICE SPACE FOR OUTLET LOCATED ON 4LANE H,WAY ONE MIN.AHEAD TATAMOTERS,3 MIN.AHEAD HERO HONDA SHOWROOMS&JHSI MOST FAMOUS TEMPLE JUST 1MIN WALK &IN FRONT PRAPOSED NATIONAL BUSSTAND AREA OF SITE 1.6 LAC SQ.FEETS

Posted @ January 08, 2010 13:10

 
       

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