Woodland eyeing turnover of Rs 800 crore this fiscal

NEW DELHI: Apparel and footwear brand Woodland is in the process of investing Rs 100 crore on retail expansion as it targets nearly 15 per cent growth in turnover to Rs 800 crore this fiscal.

According to Woodland Managing Director Harkirat Singh, the company will be adding 60 new exclusive stores this fiscal to its current total of 350 stores and take the number to 410 by the end of this fiscal.

The investment on this ongoing expansion for the fiscal will be around Rs 100 crore, he added.

Commenting on the turnover target, he said Woodland is aiming for Rs 800 crore this fiscal compared to Rs 700 crore posted in the last financial year.

The brand offers a wide range of footwear, apparels and accessories for men, women and kids. Apart from its standalone stores, it is available in over 4,000 multi-brand outlets in different parts of the globe.