Store Launches Surge 23% in Feb

While the number of store openings increased, fundraises in the month dropped significantly

-  Mannu Mathew

Retail store expansion picked up momentum in February with the number of store openings rising by 23% to over 76 new stores, including shop-in-shops compared to the previous month, as per the data compiled by IndiaRetailing Insights, a retail intelligence unit. This has been the highest number of store additions in the last three months with December witnessing over 48 new stores and January seeing 62.

Region-wise

Like the previous two months, North India fared better than the rest of India in February as well with 24 new stores followed by South and West with 23 stores each. New stores in the East remained in the range of 1-5, although the retail scene in the North East steadily heated up.

The newly-opened stores are in Surat, Bengaluru, Hyderabad, Noida, Kozhikode, Kolkata, New Delhi, Jodhpur, Murthal, Vashi, Pune, Latur, Nashik, Mumbai, Gurugram, Visakhapatnam, Jaipur, Guwahati, Ahmedabad and Lakhimpur.

Geographically, Bengaluru led the numbers with almost 12 new stores followed by Mumbai with nine, Delhi with eight, Pune and Hyderabad with seven each and the Delhi-NCR region with six new stores.

Active brands