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Landmark Eyes Treble Indian Retail Business
| May 5, 2008 |  (Be the first to rate this story!) Loading ... |
The Dubai-based Landmark Group expects its Indian retail business to treble in next three years. The company operates chain of Lifestyle department stores and has launched the home decor retail format ‘Home Centre’.
The company has launched 14 Lifestyle stores in India and plans to increase this number to 35 in next three years. It intends to open 15 Home Centres in an attempt to tap the home decor market.
Kabir Lumba, executive director, Lifestyle International said, “We closed last financial year with Rs 693 crore and aim to treble the turnover in three years. Lifestyle retails a mix of brand and private labels, home space are an exciting area as there are few brands.”
Lumba maintained that, though the negative consumer sentiments have impacted per store growth, it still is in healthy two digit figure. “There is a dip in sales since 4-5 months but it is not as bad as the last year”, he said.
News Published Under: Real Estate India, Non Resident Indian (NRI) |
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