Chennai, Jan 22: Arvind Mills, a pioneer in value-based retail space, today launched the country's first savings mall 'Megamart Outlet Centre', and would be opening 30 such large outlets and 200 small outlets to achieve a targetted turnover of one billion Dollars by 2012.
Talking to reporters here, Arvind Mills Managing Director Sanjay Lalbhai said three more large outlets would be opened by May in Pune, Hyderabad and Bangalore and one more outlet in the IT corridor of OMR before Diwali. ''We will be having eight large outlets by the end of this year and 30 outlets in 21 towns across the country by 2012'', he added.
The Centre opened at Valasaravakkam in the city, designed by world-renowned design consultancy firm JHP from London, would offer an entire array of lifestyle items from 130 brands ranging from men's, women's and kids wear, accessories, luggage, footwear and kitchenwares.
''The main aim is to provide a true international shopping experience for the discerning people of Chennai at prices 30 to 40 per cent lower than the existing players like Lifestyle and Shopper's Stop,'' Mr Lalbhai said.
He said Arvind Mills, which had 75 small stores spread over 25 cities, including in tier-II and tier-III cities, would be expanded to 200 stores with presence in 75 to 80 cities by 2012.