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Timex to expand with new stores and 2 new lifestyle products

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Timex India, watch manufacturing company is planning to expand by nearly doubling its retail stores over the next 18 months to around 120 and plans to launch at least two lifestyle products early next year. 

The Timex is expected to invest about Rs six crore to add 52 stores by March 2011 to its already existing 68 outlets.

Gopalratnam Kannan, Managing Director, Timex Group said that, “We plan to invest around Rs six crore on taking the number of Timex stores and Kiosks to around 120, from 68 at present”. He added, “Of these, around 20 will be added in the current fiscal itself taking the total to 88 outlets”.

It was revealed by the Kannan that the Timex, which unveiled a collection of six watches under the Statement Series on Friday, will launch at least two more lifestyle products in January.

The company produces .6 million watches annually at its assembly unit at Baddi in Himachal Pradesh, though its installed capacity is 2.5 million units. The company is also expecting a high rise in the revenue too. 



Related News:
Timex introduces SL Series timepieces for fall season
Timex to open 20 stores with I’nal brands
Timex Group Acquires Marc Ecko Watch Trademark
Timex Launches Expedition Watch on Occasion of IPL 2

Related Books:
De Carle's Watch & Clock Encyclopedia
Round the Clock
Alarm Clock
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Posted by Naresh Koshti on 4 November, 2009 11:37:35 AM IST #