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Marks & Spencer to turbo charge growth rate in India, open one store/month

M&S opened its first store in India in 2001 and in April 2008, it signed a joint venture with Reliance Retail

The logo of Marks & Spencer is seen in front of the store on the Champs Elysees avenue in Paris.Photo: Reuters
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Apart from store expansion, the other pillars of growth would be expanding the online business and to upscale product categories

Ishita Ayan Dutt Kolkata
Marks & Spencer is planning to open a store every month eyeing “turbo charge” growth in India.

Ritesh Mishra, managing director, Marks & Spencer Reliance India, who was in Kolkata for the inauguration of the 95th store, said that the main ambition was to turbo charge growth rates. “The plan is to open one store every month, that’s the pace at which we want to grow now.”

“Our resilience from the Covid period has taught us that we can expand faster,” Mishra added. 

One of UK's leading retailers, M&S opened its first store in India in 2001 and in April