V-Mart Retail to open 40 stores in FY21, invest Rs 70 cr

Mumbai : Benefit fashion and lifestyle solutions retailer V-Mart Retail plans to devote up to Rs 70 crore to open up around 40 suppliers in 2020-21, a major firm formal stated. The firm currently has 260 suppliers in just about 195 areas across the country, mostly in tier-2 and three towns.

“Even as we are conversing about the economy witnessing a slowdown in consumption, it is a non permanent phase. Fairly, this is the finest time for organised retail gamers to be existing in this market,” V-Mart Retail Chairman and MD Lalit Agarwal instructed on the sidelines of Retail Leadership Summit 2020 here.

He stated the firm will devote in increasing its network and will include around 40 suppliers to choose the rely to 300 stores in future fiscal.

“We will be investing Rs 60-70 crore for this expansion. We will use the cash for maximizing our again-finish assist as

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