Marks & Spencer India (M&S) , the British style retailer, has introduced the opening of its 100th store in India at Linking Road, the style high-street at Santacruz, Mumbai.
The 22,000 sq. toes store showcases the model’s newest collections throughout menswear, womenswear, lingerie, magnificence, and homeware.
Located in Tier 1 with 60 shops & Tier 2 cities with 40 shops M&S now has 1,100,000 sq. toes of retail house throughout 36 cities in India.
Marks & Spenser India which is a 51:49% three way partnership with Reliance Retail stated it could open six new shops over the following six months to cater to extra clients. The firm stated its on-line gross sales had been additionally rising. Currently 23% of the enterprise comes from on-line channels.
Ritesh Mishra, Managing Director, Marks & Spencer Reliance India Pvt Ltd, stated, “The 100th store milestone stands as a testament to the dedication of our over 2000 colleagues who ensure our customers discover new reasons to adore the brand every day.”
He stated the ladies shopper in the present day contributes 60% to the general income of the corporate thus womenswear and lingerie collectively have emerged as key classes in India. He stated swimwear vary was not a seasonal supply and accessible yr spherical to meet rising demand.