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Indian conglomerate Tata Group, which sells software and salt to India, plans to open 100 Apple-only stores in the country.
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According to the report, Infiniti Retail of Tata Group, which owns the Croma consumer electronics store chain, will become an Apple-authorized reseller and open stores in shopping malls, high streets, and neighborhood locations.
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Tata has started talks with premium malls, high streets, and other retailers. The lease terms also include information about brands and stores that can't be opened near these outlets. A retail consultant was informed of this by the publication.
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Reuters reached out to Tata Group and Apple for comment but did not respond immediately to our calls or emails.
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Apple products have been a symbol of luxury for a long time. Combine this with the Tata experience, and you have a winning combination.
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Infinity Retail, which operates Croma shops, is in discussions with Apple to open 100 Apple stores throughout the country. These shops will open in high-street shopping centres.
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These stores will be smaller than Apple Premium Reseller Stores, which typically span over 1,000 square feet.
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Tata's Apple shops will be unique in every way. Infinity Retail will only consider premium locations for the establishment of its shops.
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