Lee Cooper plans to open 24 stores in 2008-09
Lifestyle denim brand Lee Cooper today announced to open 24 new outlets involving an outlay of Rs 20-30 crore in 2008-09.
By PTI |
CHANDIGARH: Lifestyle denim brand Lee Cooper today announced to open 24 new outlets involving an outlay of Rs 20-30 crore in 2008-09.
Lee Cooper, a joint venture between Future Group and Lee Cooper International, also aims Rs 180-200 crore turnover from Indian operations in the next two years.
"As part of our efforts to have pan-India presence, we will be opening 24 more stores in this year," Lee Cooper (India) CEO Ameet Panchal told reporters here today.
Under this expansion programme, the company has targeted to cover northern region including Punjab, Himachal Pradesh and Haryana in order to deepen its market.
"We have plans to open our stores, having a size of 1,200 to 2,000 square feet in Ludhiana, Patiala, Jalandhar, Amritsar, Gurgaon, Ghaziabad and Shimla," he informed.
At present, the company has 31 stores across the country. On being asked about the growth rate the company is expecting, Panchal said, "We are looking to grow between 80 to 100 per cent during next two years." Last year, the company touched a turnover of close to Rs 100 crore, he said.
The company today opened its first store in Chandigarh here. "Chandigarh has emerged as promising market for us as the aspiration and affluence level have grown substantially," he said.
Lee Cooper (India) markets entire range of casual wear range apparels for men and women categories.
Lee Cooper, a joint venture between Future Group and Lee Cooper International, also aims Rs 180-200 crore turnover from Indian operations in the next two years.
"As part of our efforts to have pan-India presence, we will be opening 24 more stores in this year," Lee Cooper (India) CEO Ameet Panchal told reporters here today.
Under this expansion programme, the company has targeted to cover northern region including Punjab, Himachal Pradesh and Haryana in order to deepen its market.
"We have plans to open our stores, having a size of 1,200 to 2,000 square feet in Ludhiana, Patiala, Jalandhar, Amritsar, Gurgaon, Ghaziabad and Shimla," he informed.
At present, the company has 31 stores across the country. On being asked about the growth rate the company is expecting, Panchal said, "We are looking to grow between 80 to 100 per cent during next two years." Last year, the company touched a turnover of close to Rs 100 crore, he said.
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The company today opened its first store in Chandigarh here. "Chandigarh has emerged as promising market for us as the aspiration and affluence level have grown substantially," he said.
Lee Cooper (India) markets entire range of casual wear range apparels for men and women categories.
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