{"id":2005,"date":"2012-12-15T07:12:40","date_gmt":"2012-12-15T07:12:40","guid":{"rendered":"http:\/\/www.franchisemart.in\/franchise\/?p=2005"},"modified":"2012-12-15T07:12:40","modified_gmt":"2012-12-15T07:12:40","slug":"marks-spencer-to-roll-out-10-new-stores-in-india","status":"publish","type":"post","link":"https:\/\/www.franchisemart.in\/franchise\/marks-spencer-to-roll-out-10-new-stores-in-india\/","title":{"rendered":"Marks & Spencer to roll out 10 new stores in India"},"content":{"rendered":"

\"\"<\/a>Marks & Spencer (M&S), present in India through a 51:49 Joint Venture with Reliance Retail is planning to open 10 new stores in the country over the next 6-8 months.<\/p>\n

In keeping with the new program ‘Concept 11\u2019, announced earlier this year by M&S, which entails overhauling of stores and merchandise, the existing 24 outlets of M&S in India will be redesigned. The first of such revamped store will be rolled out in Chennai this year.<\/p>\n

The UK based retailer has already tasted success with \u2018Concept 11\u2019 in the home market, reporting a 2.6% increase in sale at its revamped stores.<\/p>\n

As reported in the media, M&S does not intend to buy out its partner and has no plans to operate individually under the now permitted FDI in single-brand retail option. Reportedly Jan Heere, head of International operations of M&S has stated that the Company prefers to grow internationally through partnerships. Reliance provides the local know-how, logistics and real estate expertise among other benefits to its British partner.<\/p>\n

M&S, which currently operates 400 stores in 46 countries, has listed India along with China, Russia and the Middle East as the future growth areas.<\/p>\n