Tanishq to clock 1,250 crore in sales; to open 20 new stores in a year | IndiaRetailBiz

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Tanishq to clock 1,250 crore in sales; to open 20 new stores in a year

February 28th, 2007 · No Comments

Tanishq, the pure jewellery brand of Titan Industries, a Tata Group company, recently launched its 88th retail outlet in Bangalore. The new outlet incorporating southern architecture occupies retail space of 3,500 sq.ft.

Tanishq, which also crossed an important milestone of Rs. 1,000 crore in turnover, is expecting to finish the current fiscal with a turnover of over Rs. 1,250 crore.

Tanishq has decided to expand its retail network. It will set up 20 new stores within a year.

Tags: Tatas (Westside/Croma/Landmark/Teisco/Other)

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Quick Stats (Indian Retail)
- Market size (total) 2006: US$ 300 bn/annum
- Market size (total) 2010: US$ 427 bn/annum
- Market size (total) 2015: US$ 637 bn/annum
- Market size (modern retail) 2006: US$ 9-12 bn/annum
- Market size (modern retail) 2011: US$ 60 bn/annum
- Annual rate of growth (modern retail): 35%
- Penetration (modern retail) 2006: 3 to 4%
- Penetration (modern retail) 2010: 10%
- Number of retail outlets (total): 12 million
- New Investment by 2011: US$ 30 bn
- No. of persons employed (total): 21 mn
- No. of new jobs in next two years: 2 mn.
- No. of dollar designated millionares in India(2006) 100,015
- Typical space per outlet: 100 to 500 sq.ft.
- Space occupied (modern retail): 35 mn sq.ft.
- Operating Malls 2007: 114 (35 mn sq.ft.)
- New Malls under construction: 361 (117 mn sq.ft.)
- New space distribution: 65% (top 7 cities), 35% (tier II & III cities)
- New space distribution (among top 7 cities): NCR 34%, Mumbai 23%, Rest 43%
Statistics, most of which is in the form of estimates, contained herein above, is based and published research/ news reports.
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