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

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Business Strategy

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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.

 

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