Apparel retailer Lifestyle plans to invest around Rs 200 crore to add 20 outlets in the next one-and-half years to increase its footprint all over India. The company is also eyeing 16-18 percent growth and a turnover of Rs 4,600 crore this fiscal. It had reported Rs 4,000 crore turnover in the previous financial year. The company, which at present operates close to 75 outlets in the country, plans to open majority of the new outlets in the cities where it already has a presence. At present, Lifestyle has stores in 44 cities. The retail domain is now so vibrant with companies opening new flagship stores and this is an opportunity for the signage companies to scale up their business in the sector.
Lifestyle to invest around Rs 200 crore to open 20 new outlets
