V-Mart Retail Ltd has launched its 250th store in Jaipur. The fashion retailer has also opened three more stores in Kanpur, Kota, and Lucknow, taking the total count to 253 stores.
With this expansion, the company has expanded its presence across India. The expansion is helped by the robust investment in manpower, technology and processes, enabling V-Mart to expand to existing markets and foray into new geographies.
Lalit Agarwal, Chairman and Managing Director, V-Mart, said, “We have continued to believe in our Bharat story by fulfilling the fashion aspiration of youth and young families in emerging India by launching relevant and differentiated fashion, at unmatched price points, which they can easily and conveniently access. This endeavour enables us to remain committed to our vision to create value for all the stakeholders.”
V-Mart is further aiming to add around 60 stores this fiscal year. This expansion will take its total count to 275. The company will invest Rs 115 crore in strengthening its operations in the country.