Lifestyle set to triple turnover, open 35 stores
Hyderabad, May 12 (UNI) Lifestyle International Private Limited today announced it will open 35 more stores across the country in the next three years during which it will also double its turnover to Rs 780 crore.
Unveiling the revamped store here today, Company President Kabir Lumba said while 28 stores will be lifestyle stores and the rest would serve home needs.
Each lifestyle store will cost Rs ten crore while the investment in home needs store was Rs five crore.
''This year we will be opening stores in Pune, Ahmedabad, Jaipur, Mumbai and Delhi. Last year our turnover was Rs 340 crore and we like to triple it in next three years,'' he said.
Referring to revamped store here, Mr Lumba said Lifestyle, a pioneer in the Indian retail industry, had always used innovations to deliver a superlative shopping experience to its customers and the revamped store was a huge step in the direction.
''Having started one of our first few stores in the country at Hyderabad, we are delighted to present this unique experience to the people of this fascinating city,'' he added.
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