V-Mart Retail opens 15 new stores in October-December quarter

By

Maverick Martins

Published
Jan 3, 2023

Value fashion retailer V-Mart Retail Ltd strengthened its retail presence with the opening of 15 new stores during the October-December quarter.

The 15 new stores include two in Jharkhand, four in Rajasthan, five in Uttar Pradesh, one in Uttrakhand, one in Telangana, one in Madhya Pradesh and one in Tripura.

The company has been on an expansion spree and plans to open new stores with focus on tier 2, 3, 4 cities in 2023.

During the recently conclude quarter, V-Mart also closed six of its non-performing stores across the country.

The six stores closed include one store in Jharkhand and two in Uttar Pradesh, two stores in Bihar and one in West Bengal.

V-mart retails a wide selection of men’s, women’s, and children’s casual, ethnic, and occasion wear as well as accessories and lifestyle goods. The company currently runs 414 stores across tier 2, 3 and 4 cities.