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Published
Sep 13, 2018
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Lifestyle eyes Rs 7,000 crore revenue in India by 2020

Published
Sep 13, 2018

Lifestyle, owned by Dubai-based Landmark Group is expecting its revenue to touch Rs 7,000 crore ($973 million) in India by 2020. It plans to expand its physical network in the country and boost its online presence to achieve the above revenue target.
 

Lifestyle eyes Rs7,000 crore revenue in India by 2020 - Lifestyle Stores- Facebook


Lifestyle had reported a turnover of Rs 4,000 crore in the 2018 fiscal year and eyeing a turnover of Rs 4,600 crore this fiscal year.
 
"Our aspiration is to reach a business of Rs 7,000 crore by 2020. We plan to open 12-14 stores pan-India this year and have already opened four. Over the next two years, we will be adding 8-10 stores per year and by 2020 we could have 100 stores," senior vice-president of marketing, Srinivas Rao, told the Telegraph.

"We plan to have an omnichannel presence. We currently have our own web store and plan to add more services for our online customers in the future and digital kiosks at our stores. The contribution of sales from online channels is currently below 2 percent. We expected to grow to 10 percent over the next 3-4 years," Rao added.
 
Lifestyle had entered India in 1999 and currently has around 75 retail outlets across India.

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