Tanishq in expansion mode, to set up 45-50 stores across India, Retail News, ET Retail
He was speaking to reporters after unveiling a new store, the state’s 45th retail outlet, in Pollachi, about 40 kilometers from here.
Noting that 90% of stores were operated by franchisees, he said the company’s stores were spread over 3,000 square feet offering more than 2,000 designs in gold, diamonds and solitaires.
Responding to a question regarding the Tamil Nadu market, Rajan said that the state contributes 10% of the company’s total revenue and in view of this, Tanishq plans to open more stores in towns and cities. Level II during the current fiscal year.
To another question about the market situation after COVID-19, he said the company has been growing in the past few months.
As part of the grand opening, Pollachi’s new store announced a new offer in which customers can trade in their old jewelry. The brand offers 100% trade-in value on all gold, said store associate Ashokan Muthusamy.