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    Ritu Wears on expansion drive

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    , the retail arm of north India-based apparel major is on an aggressive expansion spree and plans to expand through north and central India soon.

    Speaking to Indiaretailing, , managing director, JDS Apparels Pvt Ltd, said, “We will be adding another seven stores by this year-end and this addition will take the total count to 14, which will add another one lakh square feet retail space to a total of over 2.5 lakh square feet available space.”

    “This expansion will require an investment of around Rs 5 crore per outlet and the investment will be procured through internal accruals and private equity. The company had registered a turnover of around Rs110 crore and is expecting to clock its turnover to Rs 165 crore for the next fiscal,” added Sahni.

    – Manish Pareek