V-Mart Retail Targets 8-10% Same-Store Sales Growth By March
V-Mart Retail Ltd. is hoping to clock double-digit same-store sales growth by March 2019.
“Internally we’ve set a target of around 8 to 10 percent depending on market conditions and our abilities,” the lifestyle stores operator’s Chief Financial Officer Anand Agarwal told BloombergQuint in an interview.
V-Mart has outlined plans to add 15 to 17 percent to its retail operating area in the current financial year. That’s like adding 35 new stores, said Agarwal.
V-Mart recently opened a store in Uttar Pradesh, taking the total number of outlets in the North Indian state to 56. The company now has 172 stores in 145 towns and cities.
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