Marks & Spencer eyes opening 80 stores by 2016 in India

Hyderabad: Marks & Spencer plans to add 38 outlets to take the total number of stores in India to 80 by 2016, a top official of the British retailer said today.

M&S today inaugurated an outlet at Jubilee Hills an upmarket area of the city.

Venu Nair, Managing Director of Marks & Spencer Reliance India, also said two more outlets will be opened in Hyderabad by the end of December.

"Currently, we have 42 outlets across India. We plant to take that number to 80 by 2016. M&S has also announced it will further open up two new stores in Hyderabad by December 2014," Nair rold reporters here.

With the opening of three stores within the same financial year, Hyderabad will become one of the top priority markets in India, he added.

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"Our new store (in Hyderabad) is designed to delight and excite our customers and its a pleasure to bring our extensive range of exceptional quality, innovative clothing and beauty ranges to more customers across Hyderabad," he added.

Marks & Spencer opened its first store in India in 2001 and in April 2008 signed a Joint Venture with Reliance Retail to form Marks & Spencer Reliance India Pvt Ltd.

Established in 1884 in UK, M&S stores are located in Delhi, Gurgaon, Noida, Amritsar, Mumbai, Pune, Kolkata, Bangalore, Chennai, Kochi, Baroda, Surat and Hyderabad in India.

PTI