Magazines Archives - 2007 January

Siri Mahamart uncovers Rs1 billion retail plan
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INDIA’S Siri Mahamart will invest Rs1 billion (US$22.5 million) on a retail roll-out, reported local media, citing owner Anjanevulu Kakkera.

Anjanevulu, who promoted and sold the Trinethra chain of supermarkets, said the newly-floated Siri Mahamart Trading has already invested some Rs500 million in 19 stores trading under the brand name ‘Magna’. Of these, six are hypermarkets and the rest supermarkets. The stores are part of a larger plan to roll out as many as 40 hypermarkets and supermarkets across the southern Indian state of Andhra Pradesh over the next six to 12 months, he said.

The company has forecast a turnover of Rs1.2 billion for the current financial year.


2007 January Stories:

Retail Outlook 2007- Opportunities and challenges ahead
Indonesian retailers enjoyed buoyant 2006

JT Network brings DC superheroes to Singapore

SM Investment acquires supermarket, hypermarket

Capitol Optical sets up first lifestyle concept store for eye care in the region
Lippo poised to open high-end stores in China

Jaeger looking East for the long haul  

Wal-Mart beats Tesco to retail tie-up in India 

Siri Mahamart uncovers Rs1 billion retail plan

Robinson wins rights to open River Island stores in Singapore and Malaysia

Harvey Norman goes to Penang

Shanghai Tang steps up presence in fashion cities

US Home Depot acquires Home Way

Best Denki in first major Viet franchise

China retail sales projected to grow by 13%

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