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V-Bazaar eyes Rs 500-cr revenue by 2020

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V-Bazaar is planning to add up to 45 new stores in tier-II and III cities in the next three years

Fashion and apparel retailer Retail is eyeing Rs 500 crore in the next three years as the company plans to add up to 45 new stores in tier-II and III cities.


The company will invest between Rs 75-90 crore to open 40 to 45 new stores in Tier-II and Tier-III cities of Bihar, Jharkhand, Uttar Pradesh, Gujarat, Rajasthan and Uttarakhand, it said in a statement.


“We would add around 40-45 more stores by 2020 and take our store count to 56-57 by the end of FY 2019-2020,” Retail Chairman and Managing Director said.


He further said: “For growth, as a strategy we are focusing on only tier-II and III places.” At present, is operating 14 stores in Uttar Pradesh and Bihar and had a of Rs 44.8 crore in the financial year 2016-17.


Currently, 40 per cent of the company’s comes from men’s apparel, 25 per cent from ladies apparel, 23 per cent from kids apparel and 12 per cent from general merchandise.


“The company would be investing around Rs 1.75 to Rs 2 crore in opening one new store and the investment would be through internal accruals,” Agarwal said.


It offers a portfolio of products, including apparel and non-apparel.

V-Bazaar eyes Rs 500-cr revenue by 2020

V-Bazaar is planning to add up to 45 new stores in tier-II and III cities in the next three years

V-Bazaar is planning to add up to 45 new stores in tier-II and III cities in the next three years

Fashion and apparel retailer Retail is eyeing Rs 500 crore in the next three years as the company plans to add up to 45 new stores in tier-II and III cities.


The company will invest between Rs 75-90 crore to open 40 to 45 new stores in Tier-II and Tier-III cities of Bihar, Jharkhand, Uttar Pradesh, Gujarat, Rajasthan and Uttarakhand, it said in a statement.


“We would add around 40-45 more stores by 2020 and take our store count to 56-57 by the end of FY 2019-2020,” Retail Chairman and Managing Director said.


He further said: “For growth, as a strategy we are focusing on only tier-II and III places.” At present, is operating 14 stores in Uttar Pradesh and Bihar and had a of Rs 44.8 crore in the financial year 2016-17.


Currently, 40 per cent of the company’s comes from men’s apparel, 25 per cent from ladies apparel, 23 per cent from kids apparel and 12 per cent from general merchandise.


“The company would be investing around Rs 1.75 to Rs 2 crore in opening one new store and the investment would be through internal accruals,” Agarwal said.


It offers a portfolio of products, including apparel and non-apparel.

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Press Trust of India

Business Standard

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