Home / Knowledge / News / Apparel/Garments / Lifestyle to invest up to ₹200 cr on 20 new Indian outlets

Lifestyle to invest up to ₹200 cr on 20 new Indian outlets

22
Aug '18
Courtesy: Lifestyle
Courtesy: Lifestyle
Chennai-based Indian apparel retailer Lifestyle, which operates nearly 75 outlets in 44 cities now, plans to invest up to ₹200 crore to add 20 outlets in the next one and a half years, according to Vasanth Kumar, managing director of Lifestyle International. The company foresees 16-18 per cent growth and a turnover of ₹4,600 crore this fiscal, he said.

It had reported ₹4,000 crore turnover in the last fiscal.

Kumar, who expects its omni-channel strategy to pay off over the next five years, said the company at present gets 75 per cent of its business from top cities but expects smaller cities to add to its growth in future.

Omni channel at present contributes around 1-1.5 per cent of the company’s sales but that figure is expected to reach double digits in the next five years, Kumar told a news agency.

Lifestyle is a part of Dubai-based retail and hospitality conglomerate The Landmark Group. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 15th Dec 2019

Global economy to slow, tensions to ease in 2020: report

Global economic growth is likely to fall to just over 3 per cent in...

IOM Finland Chief of Mission Simo Kohonen & H&M Group Head of Sustainability Anna Gedda sign MoU. Pic: IOM

Apparel/Garments | On 15th Dec 2019

IOM, H&M to work for protection of migrant workers

The International Organisation for Migration (IOM) and H&M Group have ...

Pic: GlobeNewswire

Textiles | On 15th Dec 2019

Founder's Hemp & Nufabrx make CBD oil-compression sleeves

Founder's Hemp and Nufabrx have joined hands to reinvigorate the...

Interviews View All

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Amardeep Singh, Orient Craft

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Smita Murarka, Amanté

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Oliver Schmitz,

Oliver Schmitz

Germany-based Gmöhling is a leading manufacturer of aluminium containers...

Xavier Martinez,

Xavier Martinez

CADT Software & Drafting was founded in Spain in 1987 by Josep...

Marcello Galvanin,

Marcello Galvanin

Galvanin has more than 50 years of experience in the production of textile ...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


December 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search