The retailer will open new stores in Jharkhand, Gujarat, Uttarakhand and Rajasthan, besides Bihar and Uttar Pradesh, said the company in a statement.
V-Bazaar plans to take its store count to 56-57 by the end of fiscal 2019-20, said Hemant Agarwal, retail chairman and managing director, V-Bazaar.
The company is currently only focusing on tier II and III cities, added Agarwal.
Close to 40 per cent of the total revenue earned by V-Bazaar Retail comes from men's apparel, while womenswear and kids apparel contribute 25 per cent and 23 per cent, respectively.
Agarwal also said that close to Rs 2 crore will be invested in opening a single new store, which will come from internal accruals. (KD)
Fibre2Fashion News Desk – India
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