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