Lakshita to close this fiscal with 70 stores
By Satarupa Chakraborty | May 10, 2018
Noted ethnic retailer from north India, Lakshita plans to add close to 25 stores by the end of current fiscal and will enter markets such as Himachal Pradesh and Chandigarh. The retailer has recently added digital screens at 5 of their stores and plans to take this element to other stores as well.
North India-based ethnic retailer Lakshita plans to reach a mark of 70 stores from its existing 47 stores. The retailer, with store presence in Delhi, NCR, Punjab and Jammu, will open 12 stores by end of this month while entering markets like Himachal Pradesh and Chandigarh.
Talking to Retail4growth, Sachin Kharbanda, MD, Lakshita International, explained, “We are growing at a speed of 15% and though the growth plummeted in this fiscal owning to demonetization, we expect to grow by 20-25% in the next fiscal. We plan to strengthen our retail reach well within promising markets of North India before moving to other parts of the country. Our upcoming stores will mostly be located in high streets.”
Lakshita revamps its retail design every 2-3 years and has recently added digital screens behind cash counters in their selected stores. “We have introduced this digital element at five stores right now and we plan to take it to other stores as well,” Kharbanda added.
