V-Mart targets Rs. 1,000 crore-mark | Retail News India
Home » News » Retailers News » V Mart Targets Rs 1000 Crore Mark

V-Mart targets Rs. 1,000 crore-mark

Share: 
      Newsletter

READ MORE ON ExpansionGrowth StrategiesRetailer News IndiaV-Mart

Business Strategy

Image Courtesy: lanakilastrategies.com

India-based fashion and lifestyle retailer V-Mart is eyeing on Rs. 1,000 crore in turnover for the current fiscal, expecting 25-30 per cent growth in its sales. In the year 2015-16, total revenue of the company was Rs. 809.38 crore.

Lalit Agarwal, Chairman and Managing Director, V-Mart underlined, “We are planning to open more stores all over India and will cross Rs. 1,000-crore turnover in this financial year. Also, we are consciously focusing on winning and retaining the customers with unmatched services. Our recently launched loyalty programme – ‘Value Club’ is a vital step in this direction.”

Currently operating 140 stores in 120 Tier II and III cities in the country, V-Mart has a 1,000-strong vendor base across India. The company also intends to increase its presence in the market by adding more stores in the current numbers.

Also ReadMax Fashion aims for Rs. 5,000 crore turnover

V-Mart will concentrate on more classified products range on affordable prices for better customer satisfaction, seeking long-term relationship with them.

 

Have some news? Let us know on news@apparelresources.com

Recommended by Apparel Resources

Loewe returns to Ibiza with pop-up store

Loewe is back in Ibiza for the third summer in a row, and is prepping up for its pop-up shop at the island’s...

Zara, H&M facing huge competition from online brands

Fung Global Retail and Technology, in its latest research report, has vehemently mentioned that the renowned fast fashion brand Zara has lost its...

Triumph Garments launches e-tail venture Miway Fashion

Triumph Garments, a major exporter for brands like Zara and Ralph Lauren, has announced the launch of its e-commerce venture Miway Fashion to...

Guess out with first quarter results

US-based fashion brand Guess has unveiled financial results for its first quarter ended April 29, 2017. During the period under review, Los Angeles-based...

Net sales decline for Chico’s FAS

Chico’s FAS Inc., a leading omni-channel specialty retailer has announced its financial results for the fiscal 2017 first quarter ended April 29, 2017....

Shoppers Stop strategizing to attract youths

India-based retail chain Shoppers Stop is planning to introduce some measures in order to tap onto more and more millennial consumers. The retailer...

Future Retail’s fourth quarter profit goes up

Future Retail, leading retailer that operates multiple retail formats in both value and lifestyle segment of Indian consumer market, has announced financial results...

JCPenney appoints Marci Grebstein as EVP & CMO

US-based fashion retailer JCPenney Company Inc. has announced that Marci Grebstein will join the company's executive leadership team as Executive Vice President and...

Tilly’s net sales soar in first quarter

Tilly’s Inc., US-based retail clothing company that sells action sports-branded clothing, accessories, shoes and equipment, has announced financial results for the first quarter...

Vicomte A. appoints new Artistic Director

Gideon Day has been appointed as Artistic Director by French fashion brand Vicomte A., which is popular for its colourful polo shirts and...