Home / Knowledge / News / Apparel/Garments / V2 Retail targets 50% rise in sales in FY17
V2 Retail targets 50% rise in sales in FY17
13
Apr '16
Courtesy: V2 Retail
Courtesy: V2 Retail
Fashion and apparel retailer V2 Retail which is in an expansion mode, is targeting an ambitious 50 per cent increase in its turnover to Rs 450 crore in the next one year.

The company is aiming to nearly double its sales network to 40 stores from the current 21 as part of its expansion strategy.

V2 Retail Chairman and Managing Director R C Agarwal said the company would invest between Rs 35-40 crore to add 20 new stores in tier-II and tier-III towns across Bihar, Jharkhand, Uttar Pradesh and Uttarakhand.

The company would continue to focus on east and north-eastern states besides Uttar Pradesh and Uttarakhand as part of its strategy.

The company is also expanding its in-house brands and labels to cater the market, Agarwal said.

Currently, 50 per cent of V2 Retail's revenue comes from men's apparel and 25 per cent each from ladies and kids apparel. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 22nd Feb 2020

Pharr sells Pharr High Performance to Coats Group

Pharr, a provider of differentiated textile products and assorted...

Pic: Shutterstock

Textiles | On 22nd Feb 2020

TOAI highlights importance of textiles in auto industry

The first edition of the conference 'Textile Opportunities in a...

Pic: Shutterstock

Textiles | On 22nd Feb 2020

Cocona's 37.5 fibres to have new biodegradable additive

All of the 37.5 staple fibres and filament yarns by Cocona, will now...

Interviews View All

Viral Desai, Zenitex Mill Pvt Ltd

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Claudia Kersten, Global Organic Textile Standard

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Deepak Jain, Baggout

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Lin Jing,

Lin Jing

Jiangsu New Victor is a Chinese mechanical equipment manufacturing...

Kalai Selvi,

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Cong Zheng,

Cong Zheng

The China Textile Machinery Association (CTMA) is a social-economic...

Silke Brand-Kirsch, Schlegel und Partner

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Giulio Cesareo, Directa Plus SpA

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

EDANA, the international association serving the nonwovens and related...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant & Nandita are known for being inspired by...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

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


February 2020

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


Advanced Search