Retail Dude

ITC’s Wills Lifestyle, is planning to open 50 more exclusive brand outlets and expand its presence in 40 cities (from 30 cities currently)  including tier II and tier III cities. They are planning to do it in next two years. Wills Lifestyle is also a main sponsor for “India Fashion Week” which is starting from October 15.  

On one side branded retailers are tensed of increased minimum support price of cotton, increases rentals etc. But again every week we hear of an expansion plan. And also of store closures, job cuts in retail and losses at same time. In India these things are going simultaneously. This make me confused whether it is time for expansion or correction?

-          Rajeev Damani

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