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Online player Nykaa plans for offline stores

Here is another business opportunity for the signage companies engaging in on-store projects as e-commerce player Nykaa is ramping up its offline push in tier-II cities, as the retailer of beauty products has been planning to expand store network beyond the metros. The company’s strategy is to spread its brick-and-mortar stores beyond big cities. The company has opened its 55th physical store in Raipur. The outlet is offering luxury products, aiming at its top of the pyramid customers. Cities like Bhubaneshwar are one of main targets of Nykaa Retail for physical stores.

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