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The
73-year-old Himalaya Drug Company is nursing lofty dreams. The healthcare
company plans to expand and rebrand its 24-strong retail chain under
the Himalaya Herbal Healthcare name in the next one year.
Himalaya refuses to reveal details
about the expansion. But, basically, it plans to take the shop-in-shop
route by setting up kiosks inside retail chain stores. This is to
keep overhead costs low; the only investment will be on the salaries
of the trained personnel in the kiosks. Himalaya claims to have
received requests from leading retail chains and says it is in the
process of tying up with a "big retail chain with a national
presence". But it is yet to decide on whether it will go in
for an exclusive tie-up or set up stores in different chains.
The company first set up retail outlets
2-3 years back under the Ayurvedic Concepts name. The learning from
that experiment have been ingrained and it's ready for a fast rollout.
The new stores will provide 'top-to-toe' solutions for the entire
household and stock its full range of products: therapeutic, personal
care, pure herbs, nutraceuticals and animal health. They will also
stock its new product, like Menoson, for menopause. The stores will offer personalized
service on health and personal care issues through trained personnel.
The idea is to capitalize on the nationwide
awareness of herbal products. The first of the rebranded stores
will open in Bangalore this week.
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