Last updated : May 10, 2018 11:35 am
Noted ethnic retailer from north India, Lakshita plans to add close to 25 stores by the end of current fiscal and will enter markets such as Himachal Pradesh and Chandigarh. The retailer has recently added digital screens at 5 of their stores and plans to take this element to other stores as well.
Talking to Retail4growth, Sachin Kharbanda, MD, Lakshita International, explained, “We are growing at a speed of 15% and though the growth plummeted in this fiscal owning to demonetization, we expect to grow by 20-25% in the next fiscal. We plan to strengthen our retail reach well within promising markets of North India before moving to other parts of the country. Our upcoming stores will mostly be located in high streets.”