Retail in Asia

In Shops

Timex Group India to add 40 stores in FY13

Timex Group India, which launched its 100th outlet in Hyderabad, India on Tuesday, will add 40 more stores by the end of the current fiscal.

"The target is to open 40 more ‘Time Factory’ stores during the next 12 months. With the addition of these new outlets, the count will go up to 140 stores," Timex Group India Managing Director VD Wadhwa told reporters.

The company, a subsidiary of the US-based global watch maker Timex Group, opened 32 such stores in India during 2011, he said.