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Vishal Retail, the New Delhi-based discount retailer, has announced the opening of its new apparel retail format Vishal Fashion Mart in Ludhiana, Punjab. Spread across 1,400 sq ft, the franchisee-owned store offers apparels and accessories for all age groups at affordable prices.With this new launch, the company has a total of 181 stores in 24 states across 107 cities pan-India spreading across a retail space 29,80,900 sq ft approx.
Earlier, Vishal Retail also launched a franchise store of same format in Mirzapur, Uttar Pradesh.
The company registered a turnover of Rs 600 crore in 2006-07. With plans to increase the number of stores to 200 by this fiscal-end, the company has set a turnover target of Rs 1,200 crore.
Vishal Retail has decided to open all of its new stores under the franchisee model to cut down costs.
source | Franchise Plus
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