Value fashion brand Max, promoted by Dubai-based retail and hospitality conglomerate landmark Group, plans to double its store count in India to around 300 in the next five years.
landmark Group would be adding one Max store every two weeks in its retail network and introduce 25 to 30 stores every year by investing Rs100-125 crore to consolidate its position in the domestic mid- market consumers segment.
“By the end of this year, we would have 145 stores roughly. In the next five years, Max will add 25-30 stores every year. Max has the potential to have close to 300 stores possibly by 2019-20”, landmark Group Director and Board Member Ramanathan Hariharan told PTI.
Besides, its large format departmental store lifestyle would be opening up to 7 to 8 stores every year.