Last updated : March 28, 2024 2:40 pm
The brand aims to open more stores in cities like Bangalore, Delhi, Gurgaon, Mumbai, Pune, Kolkata, Hyderabad, and Jaipur within the next 18-24 months
WoodenStreet, the home furniture, décor and furnishing brand, is expanding its footprint with the opening of a new store of Light Street, the lighting arm of WoodenStreet, in Mumbai. Through this move, they are advancing another leg of their rapid expansion strategy, which includes opening of 50 additional stores in over the next 18-24 months in metropolitan cities of Bangalore, Delhi, Gurgaon, Mumbai, Pune, Kolkata, Hyderabad, Jaipur, etc.
The second retail store of Light Street in Mumbai after the first successful launch in Jaipur, is positioned as a store that brings in lighting solutions to fulfil customer’s diverse needs. The store houses the variety of lighting fixtures like table lamps, chandeliers, pendant etc. to perfectly suit to the aesthetic wants and needs.
The new launch spanning across an area of 2500-3000 sq. ft is located at the prime location of the city, Andheri East.
"We are working extensively on our plans to magnify the reach of our products across nooks and corners of the country. This new store opening is dedicated to our commitment to providing customers with an unparalleled shopping experience and access to the latest lighting trends and designs," said Lokendra Ranawat, CEO of WoodenStreet.
The company’s expansion is fuelled by its vision of being a leader in lighting industry. With a projected revenue target of Rs 100-150 crore from the new in-house launch, the company aims to strengthen its market position.