Woodland to invest Rs. 100 crore this fiscal

Posted By: Religare
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Woodland, the shoe, apparel and adventure gear brand announced that it is seeking to put in Rs 100 crore during this financial year for the purpose of expansion, diversification and manufacturing.

The company reported a revenue of over Rs. 1,200 crore last year from its 500 plus stores with the expectation to surpass Rs. 1,500-crore turnover this fiscal.

Commenting on this, Harkirat Singh, Managing Director of Woodland, said, "We are targeting a growth of 25-30 per cent this financial year over last year as we have plans to invest more than Rs. 100 crore on expansion, diversification and manufacturing. The number of stores would also go up by about 70 more during the fiscal,"

He also added, "The company has recently introduced sports/adventure gear for relatively less popular sports-boating, kayaking and fishing in the country. Soon, these products would be offered in select cities/stores where such sports thrive and in larger format stores where there is place to display such products,"

Story first published: Friday, April 17, 2015, 23:00 [IST]
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