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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


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