Apparel chain Koutons Retail Ltd is aiming at a turnover of Rs1,300 crore this fiscal on the back of a major expansion that would see it take the total number of the company’s stores to 1,800.
The company also plans to take the number of Koutons “Family Stores” to 100 and enter West Asian market.
“From last year’s turnover of Rs794 crore, we are aiming to almost double the figure this year and reach a turnover of Rs1,300 crore,” Koutons Retail chairman D.P.S. Kohli said. The company had opened its 1,300th store in New Delhi this weekend and would be adding 500 more by the end of the year across India, he added.
At present, the company has 55 Family Stores, which cater to men’s, women’s and kids’ wear. The Family Stores are spread over an average of 7,000sq. ft and have a floor each dedicated to the three segments. “Another 45 Family Stores would be added by the end of the year at an investment of Rs75 crore,” Kohli said. “The Family Stores would be, for the time being, restricted only to the metros and big cities and we have identified 38 places for such stores.”