Arvind Ltd., leading integrated textiles and branded apparel player, today said the company aims to turn the ‘Arvind Store’ into a Rs. 600-crore business, a four-fold jump.”The revenue for FY15′ from the ‘Arvind Stores’ will be Rs. 150 crore and by 2020 we are targeting at a Rs. 600 crore revenue,” company’s CEO, Mr. P S Rajiv said on the occasion of opening of the first flagship store in the city of Kolkata.
Mr. Rajiv said the growth will be fuelled by expansion of stores from 142 now to about 550 stores by 2020. The Arvind Store would continue to be focused in the tier II to tier V cities and town.
“Our 80 per cent of stores will remain in non-metros as spending trends in these places are of similar nature for the store as in metros,” The stores would offer premium shirting and suiting fabrics under brand Tresca.
It will also display brands like Arrow, US POLO, Flying Machine. In addition to this, the store will have customised tailoring solutions with studio Arvind and Arvind denim lab.