What will be the impact from the Mothercare-DLF joint venture?
The Mothercare-DLF joint venture is actually an advantage for us. The JV will open lot of standalone stores. We will continue to operate & expand in a shop-in-shop format exclusively for Mothercare. So, it is a win-win situation for both. Mothercare will reach to more customers. At the same time, we will continue to enjoy exclusivity in shop-in-shops. Give us a sense of your region-wise expansion plan? We are increasing our presence in Tier II cities. We are entering 7 new cities for our 18 new Shoppers Shop stores. North is going to be one of the big focus areas. With Amritsar store opening soon, Punjab is one of the main targets in the North. We are seriously evaluating Ludhiana, Jalandhar and Chandigarh as well. In the east, we are looking at Durgapur, Siliguri and Patna. In south, we are evaluating Vijaywada, Mysore, Mangalore, Cochin and Coimbatore. In west and central, we are looking at Indore, Ahmedabad, Baroda and Surat. Have you already tied up with the developers? In the six
Related Questions
- How will the Schlumberger participation in the Joint Venture affect/impact the open architecture of the system which today is vendor neutral?
- What shall be included in the feasibility study report of a Sino-foreign joint venture?
- What if there are a number of buyers acting together by way of a joint venture?
