SHREE's Ambitious Retail Expansion Plans Unveiled
SHR Lifestyles, the operator of ethnic wear brand SHREE, plans to double its retail network to 300 stores in three years. The company aims for a substantial revenue increase from Rs 150 crore to Rs 900 crore by 2030 through expansion, especially focusing on large-format stores in major Indian cities.
- Country:
- India
SHR Lifestyles, known for the ethnic wear brand SHREE, has announced plans to aggressively expand its retail presence, aiming to more than double its stores to around 300 across India within three years.
As part of its growth strategy, the company is targeting a significant revenue jump to Rs 900 crore by 2030, up from the current Rs 150 crore, fueled by this extensive retail network expansion.
In its strategic shift, SHREE will emphasize larger retail formats, between 3,000 to 5,000 square feet, especially in metropolitan and high-growth urban markets, enhancing its domestic market footprint while maintaining its international presence.
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