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Prateek Group scales operations in Tier II Markets, to invest Rs 350 crore

Now this is the opportunity of the residents of Faridabad, Delhi and other NCR regions to have the convenience of the discounted retail mall ‘Coupon’ recently launched by Prateek Lifestyle


October 23, 2008  |  comments ( 0 )  | 
Now this is the opportunity of the residents of Faridabad, Delhi and other NCR regions to have the convenience of the discounted retail mall ‘Coupon’ recently launched by Prateek Lifestyle, the retail arm of Prateek Group. The Group has earlier effectively launched Coupon in Bangalore, Hyderabad, Calicut and Raipur. The aim of Prateek Lifestyle is to provide reasonable discounts in its merchandise categorization like home décor, apparels, footwear and accessories for varied ages. The 35,000 sq. ft. Coupon, which spreads across 4 floors, has sheltered more than 150 trendy and fashionable brands. Not only will the customers get international shopping experience, they can acquire exciting offers and promotions regularly. The Group has declared to invest Rs 350 crore in various retail formats and Rs 125-130 crore investments will be in the northern tier II cities. While commenting on the inauguration, the MD of Prateek, Pradeep Agarwal, said, “This is our 5th Coupon store opened across India and first time in the NCR region. We are launching 50 same format stores everywhere and target to have a pan India presence including the penetration into tier II and III cities to give the customers a unique shopping experience with discounted price.”
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