Denim brand Spykar Lifestyle is targeting to clock net sales of Rs 875 crore in FY20. The company has closed net sales of Rs 670 crore in FY19.
Sai Sangeeta, GM (Marketing), Spykar Lifestyle, said, “The brand is growing at a rate of around 30% year-on-year.”
The denim brand has 240 exclusive outlets across 140 towns, apart from over 700 multi-brand outlets and another 400 large format touch points across 350 cities of India. It is further planning to expand its presence, in an effort to increase sales.
“We aim to add 30-40 stand alone outlets each year and have a presence in 200 towns in the next two-three years,” Sangeeta stated.
Spykar Lifestyle aims to be present across 500 towns in the next two-three years.