Woodland Eyes 15 Percent Revenue In FY2018
Woodland Eyes 15 Percent Revenue In FY2018

Footwear and apparel brand Woodland is eyeing a revenue growth of 15 per cent in the current financial year. Aero Club, manufactures and retailers of the brand, is also trying to popularise the hi-fashion formal luxury brand 'Woods' in India.

MD of Aero Club, Harkirat Singh said “Our revenue in the last financial year was Rs 1,200 crore from operations in India, Hong Kong, Middle East and CIS nations. Topline would grow by 15 per cent this fiscal, despite a slump in sales in July and August due to implementation of the GST. Company currently has 600 stores, mostly owned, and its products are also available in 5,000 multi-brand outlets. We plan to add 30 to 40 stores each year. Nearly 15 per cent of the company's business comes from e-commerce portals. We opened two such stores in Delhi. Now, we are looking for space in Mumbai, Bangalore, Pune and Kolkata. Company would expand its presence in tier-I and tier-II cities through the franchise route.”

 
Stay on top – Get the daily news from Indian Retailer in your inbox
Also Worth Reading