Image Source: Owler
Fashion and Apparel retailer V2 is planning for an expansion, they are setting a target to double its reach. Recently it is having 48 outlets throughout the country but they want to expand to 100 outlets by March 2019. V2 is present mainly in tier II and tier III cities and they are also targeting to achieve an annual growth rate of 40% for next 2-3 years.
They are also aiming to increase its revenue contribution from the in-house brands which includes Herrlich, Godspeed, Stylla and Zavinci. Currently, they account for 15% of total sales. It was formerly known as Vishal Retail. Now, this expansion plan will likely to boost V2.
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