V-Mart plans to open stores in eastern states

PTI New Delhi | Updated on January 20, 2018 Published on March 27, 2016

Multi-brand retail chain V-Mart plans to open stores in eastern states such as Jharkhand and Odisha next fiscal to take the number of outlets to 150.

At present, the company operates 123 stores and is focusing on Tier-II and III towns for opening stores next fiscal.

“We will have up to 150 stores by the end of FY2016-17. We will add around 27 stores in states such as Uttar Pradesh, Jharkhand, Bihar, Odisha and West Bengal,” V-Mart Chairman and Managing Director Lalit Agarwal told PTI.

V-Mart also plans to open two more stores in Jammu & Kashmir, where it operates a single store in Srinagar. It plans to open stores at Jammu and Udhampur.

Moreover, the retail chain has also tied up with Saksham Trust to sell specialised items for visually impaired. The product includes talking thermometer, talking calculator, book reading and recording devices and smart can devices.

The company is retailing these items ranging from Rs 2 to Rs 11,500 at six of its stores and has plans to make these items available at 50 stores in the next six months.

He further said that the company is also approaching blind schools and organisations which work for visually-impaired people for these products.

V-Mart had posted a revenue of Rs 720.50 crore in 2014-15.

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Published on March 27, 2016
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