LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Companies News

V-Bazaar eyes Rs 500 crore revenue by 2020

"We would add around 40-45 more stores by 2020 and take our store count to 56-57 by the end of FY 2019-2020," V-Bazaar Retail Chairman and Managing Director Hemant Agarwal said.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
V-Bazaar eyes Rs 500 crore revenue by 2020
A fashion and apparel retail store. Photo: Pixabay
Written By: PTI
Updated: Sat, Apr 15, 2017
06:02 pm
New Delhi, PTI
RELATED NEWS
Retail Inflation rises at 3.81% in March 2017 Retail Inflation rises at 3.81% in March 2017
Reliance Retail in partnership with NPCI announces UPI Payments app facility across 200 stores in Mumbai Reliance Retail in partnership with NPCI announces UPI Payments app facility across 200 stores in Mumbai
Amazon to buy Middle Eastern online retailer Souq.com - sources Amazon to buy Middle Eastern online retailer Souq.com - sources
Amazon to invest over $500 million in e-retail food in India, says Minister of food processing Amazon to invest over $500 million in e-retail food in India, says Minister of food processing

Fashion and apparels retailer V-Bazaar Retail is eyeing Rs 500 crore revenue in the next three years as the company plans to add up to 45 new stores in tier II and III cities.

The company will invest between Rs 75-90 crore to open 40 to 45 new stores in tier-II and tier-III cities of Bihar, Jharkhand, Uttar Pradesh, Gujarat, Rajasthan and Uttarakhand, it said in a statement.

"We would add around 40-45 more stores by 2020 and take our store count to 56-57 by the end of FY 2019-2020," V-Bazaar Retail Chairman and Managing Director Hemant Agarwal said.

He further said: "For growth, as a strategy we are focusing on only tier-II and III places."

At present, V-Bazaar is operating 14 stores in Uttar Pradesh and Bihar and had a revenue of Rs 44.8 crore in the financial year 2016-17.

Currently, 40% of the company's revenue comes from mens apparel, 25% from ladies apparel, 23% from kids apparel and 12% from general merchandise.

"The company would be investing around Rs 1.75 to Rs 2 crore in opening one new store and the investment would be through internal accruals," Agarwal said.

It offers a portfolio of products, including apparels and non-apparel.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
V-Bazaar RetailV-Bazaar revenueTier IITier IIIFashion retailerapparel retailerstoresConsumer Products
RELATED NEWS
Retail Inflation rises at 3.81% in March 2017 Retail Inflation rises at 3.81% in March 2017
Reliance Retail in partnership with NPCI announces UPI Payments app facility across 200 stores in Mumbai Reliance Retail in partnership with NPCI announces UPI Payments app facility across 200 stores in Mumbai
Amazon to buy Middle Eastern online retailer Souq.com - sources Amazon to buy Middle Eastern online retailer Souq.com - sources
Amazon to invest over $500 million in e-retail food in India, says Minister of food processing Amazon to invest over $500 million in e-retail food in India, says Minister of food processing
Paytm targets retail store transactions worth Rs 400 crore by year-end Paytm targets retail store transactions worth Rs 400 crore by year-end

LATEST NEWS

7th pay Commission: This is what Centre said about pending DA installments; staffers to get it by 'this' month

Daily Covid-19 cases spike to new record, nears 1.5 lakh infection; Uddhav Thackeray calls all-party meet to review corona situation in Maharashtra

MP Board Class 10, Class 12 admit card 2021 released; Know how to get it, correction window and other important details

Indian Railways to provide service as per demand; 1402 specials, 5381 Suburban trains already in operation, says Railway Board chairman

Stock Market Outlook: Nifty, Bank Nifty support range REVEALED; Anil Singhvi says global cues, corona cases and FIIs data will be crucial

CBSE exams 2021 cancellation demand: Board has big update for Class 10, 12 students

West Bengal election 2021: LIVE UPDATES! 75.93% voter turnout recorded till 5:24 pm; 4 people killed, 4 injured in firing incidents

FD fraud: SBI issues alert for customers, says avoid THESE things or else you will lose money

Mid Cap Picks with Anil Singhvi: Bombay Burmah, Fine Organic and Gujarat Alkalies are Jay Thakkar's top recommendations

Bullion Price Today 09-04-2021: Profit Booking seen on Friday as Gold falls by Rs 340, Silver by Rs 700; Outlook remains STRONG, IIFL expert says

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved