Fashion retailer 1-India Family Mart (India) announced that it is planning to open 200 new stores by 2022.
In the past 6 years the value retailer successfully opened 100 stores in 90 top tier cities in northern and eastern India. It is now targeting the nation's third and fourth tier cities.
The company admitted that 2019 was a difficult year, however they feel that with India being the world's fifth largest retail market, that there were big long term growth opportunities.
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