HomeTown to open 6 new stores by December
on November 17th, 2007 at 9:38 amHome Solutions Retail (India) Ltd, an arm of Future Group, will open six new ‘HomeTown’ stores in the country by December 2007.
“We now have three stores and are looking at an annualised business of Rs 3,000 crore by the end of next financial year,” Mr Mahesh Shah, Chief Executive Officer, HomeTown, told reporters after opening the stores here on Friday. About Rs 20 crore would be invested in setting up each store, he said.
HomeTown stores would soon be opened in Bangalore, Pune, Lucknow, Gurgaon, Kolkata and Thane, he said. To increase institutional sales the firm was in talks with various real estate companies in different places.
HomeTown stores would be offering consumer loans for customers in association with its recently floated sister concern, FutureMoney. As an invitation offer HomeTown customers would be given zero per cent interest finance. The consumer loans would be processed in 48 hours from the time of application.
