Home Latest News Arvind eyes 10-15 pc biz from online sales in 3-5 years

Arvind eyes 10-15 pc biz from online sales in 3-5 years

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, the e-commerce division of textile manufacturer Arvind Limited which has launched its omni-channel fashion portal , expects to garner 10-15 per cent of its business from online sales in the next three to five years.

Arvind eyes 10-15 pc biz from online sales in 3-5 years
Arvind also expects to double its revenues by 2020 to become a US billion (around Rs 6,700 crore) company

According to a PTI report: Arvind also expects to double its revenues by 2020 to become a US $1 billion (around Rs 6,700 crore) company.

“Arvind is a half-a-billion dollar company today and we expect revenues of over USD 1 billion dollars by 2020. We expect our omni-channel business to account for about 10-15 per cent of the business in the next three to five years,” Executive Director, Arvind Limited, was quoted by PTI as saying.

The company expects to integrate all its 1,200 offline stores across its 35 brands by the middle of this fiscal.

READ MORE: Arvind launches Nnnow.com to take on e-tailers

“We are integrating 100-150 stores every month and by the middle of this fiscal our entire offline stores will be digitised and live,” he was further quoted by PTI as saying.

The company will follow a top-down model while integrating stores, covering the top 15 cities first.

NNNow.com will integrate online and in-store shopping with same-day hyper-local delivery, store pick-ups for online orders, same-day hassle free returns at stores and India-wide inventory access to customers, the company said.

Besides its own brands, NNNow.com has entered into third-party tie-ups with 15-20 other brands to sell their products on their portal. Arvind is home to a host of giant international fashion and beauty brands like , , , , , , and , among others.