The Dubai-based Landmark Group, which operates Lifestyle and Home Centre stores in the country, has planned to expand its retail business by launching more outlets for both the brands.
The company currently operates 14 Lifestyle stores in India and plans to increase this number to 35, and open 15 Home Centre outlets in next three years.
Announcing plans, Kabir Lumba, executive director, Lifestyle International, said, “We closed the last financial year with turnover of Rs 693 crore. We aim to triple the turnover in three years. Our plans to expand our stores will help us in achieving the milestone.”
Lumba admitted that the sales are growing slowly and are yet to reach the expected mark. “There is a dip in sales in last five months, but it is not as bad as last year,” he informed.