Tablez, the retail arm of Lulu Group International, is aiming to double its revenue in India to Rs 400 crore by 2020. The brand retailer, which has interests in toys, fashion, speciality retail and food and beverages, follows the calendar year and is targeting a revenue of over Rs 200 crore in 2019 calender year. Currently, the toy segment is the largest contributor followed by apparel segment and food and beverages. The company’s plan is to have around five stores put up in year one and 25 stores by five years. The investment for one store is close to Rs 10 crore and for 25 stores it would be around Rs 250 crore and this is a new business opportunity for the signage companies engaging in in-store POP/POS and branding projects.
