Woodland to invest USD80.5m in 5 years in India
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Footwear and apparel firm Woodland will invest up to Rs. 500 crore (USD80.5 million) in the next five years on expanding its retail network as part of its plans to double the store count to 1,000 by 2020 and enhance capacity. The company has also set a target of Rs. 2,500 crore (USD402.6 million) revenue by 2020 from Rs. 1,300 crore (USD209.3 million) expected in 2014-15.
Questions & Answers
Q.What is Woodland's target for revenue growth by 2020?
What is Woodland's target for revenue growth by 2020?
Woodland aims to achieve a revenue of Rs. 2,500 crore (USD402.6 million) by 2020. This is an increase from the Rs. 1,300 crore (USD209.3 million) expected in the 2014-15 financial year.
Q.How many new stores does Woodland plan to open as part of this expansion?
How many new stores does Woodland plan to open as part of this expansion?
The company plans to double its current store count to 1,000 by 2020. This expansion will involve the investment of up to Rs. 500 crore (USD80.5 million) over the next five years.
Q.What is the primary purpose of this USD80.5 million investment?
What is the primary purpose of this USD80.5 million investment?
The USD80.5 million investment, equivalent to Rs. 500 crore, is primarily allocated for expanding Woodland's retail network. It also forms part of broader plans to enhance capacity and increase their store footprint.