British retail giant Marks & Spencer is planning to open 60 more stores in the country by 2016.
“The retailer plans to build a leadership position in the Indian market, targeting a total of 100 stores by 2016, includin 20 Marks & Spencer Lingerie & Beauty stores,” the company said. At present, the retail giant operates 40 stores in India through its partnership with Reliance Retail.
Marks & Spencer said its sales in India, one of its priority markets, were up 13 per cent like-for-like growth over the previous year.
Marks & Spencer Reliance India Managing Director Venu Nair said, “During the year our stores in India delivered a good performance with strong double-digit growth.”
