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@ Home bullish about expansion
Posted On: 11-08-2009 00:00:00 09

The Rs 1,000-crore Nilkamal group, which entered the home furniture and furnishings market four years back with its chain of @home stores, plans to open nearly 50 stores in all the major cities across India over the next four years. The store count is set to go up from 14 to 21 by the end of the current fiscal year. The company sources furniture from countries like China and Malaysia and incurs a fixed cost of Rs 3 crore per store. An innovative feature at the stores is the Interior Planning Service that uses 3D Imaging Software to help the customer visualize how the furniture will actually look in the home. The chain, which recorded a turnover of around Rs 125 crore in 2008-09 is expected to contribute one-third of the group's turnover in the next 4 years.

 
 
 

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