The MobileStore to open independent, large-format consumer durables stores
January 15, 2010
Essar group company The MobileStore (TMS) has said that it is planning to launch independent, large-format stores for consumer durables and electronics in Chennai, Mumbai and Kolkata over the next three months.
“Currently we are present in New Delhi, Gurgaon, Bengaluru, Hyderabad, Ahmedabad and Pune and now we have plans to enter Chennai, Mumbai and Kolkata with independent large stores,” said Rajiv Agarwal, chief executive officer and director, TMS.
Last month, TMS bought large-format electronics chain, X-Cite, from Impact Retail—a franchisee of Kuwait-based Alghanim Industries for an undisclosed sum.
The Essar group company is looking at opening 50 such consumer durables electronic stores in the next one year and adding 5,000 TMS retail outlets by the next two years. At present, TMS has 1,300 stores in about 200 cities across India. — Moneylife Digital Team