NEXT, the electronics and consumer durables retail chain of the $ 5 billion Videocon Group is planning to double the number of stores it has in India from the current 540 to 1000 stores in the next 3 years. The current turnover ( 2009 -10) of Next is $ 311 Million ( Rs 1400 crores) which is also planned to be doubled in the next 3 years. NEXT has consistently been showing a 50% growth on a year-on-year basis.
NEXT is a multi-brand multi-product showroom and stocks an entire range of consumer durables from Air-conditioners, LCD and Plasma TVs, Home Theater systems, Washing Machines, refrigerators, microwaves to small home appliances. NEXT retails some of the popular brands such as LG, Samsung, Sony, Electrolux, Kelvinator, Whirlpool, Onida, Philips, Kenstar, Videocon, Sansui, including its own brand under its stable. NEXT also stocks Xbox of Microsoft, computers & laptops of Acer, HCL, Lenova, HP.
Thursday, April 22, 2010
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Thats good move, especially with other big players like Reliance and Tata expanding rapidly....
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