WoodenStreet on rapid expansion mode
By Retail4Growth Bureau | January 25, 2024
The furniture retailer has launched 7th Store in Hyderabad, marking its 96th store in the country, with further expansion plans in the pipeline.
WoodenStreet, recently announced the launch of its 7th(seventh) store in Hyderabad, spanning across an area of 5000 sq ft. This marks a significant milestone in the brand's ambitious expansion plan across India & leads the count to 96th store in India.
The recent launch in the city of pearls is opened at Kokapet, which is a highly commercial and residential location in the western part of Hyderabad. Located in a prime area of the city, the outlet is designed to offer an immersive experience, showcasing a vast collection that ranges from classic to contemporary, and where each piece is a blend of craftsmanship, functionality, and style, informs the company.
With this new launch, the brand is targeting a revenue of INR 50 million.
As part of the expansion project, the company has already hired a number of professionals to spearhead its operations in Hyderabad and plans to create over 50 more job opportunities shortly. This move highlights the brand’s focus on job creation and economic growth in the region.
The launch of the Hyderabad store is a key step in the company's strategic nationwide expansion. Following its recent launch in Mumbai, the brand has plans to unveil additional 50 stores across major Indian cities.
Lokendra Ranawat, CEO, WoodenStreet, said, “As we open the doors of our seventh store in the vibrant city of Hyderabad, we are not just expanding our physical presence but it's a reflection of our commitment to bringing innovative, designer and high-quality furniture closer to our customers. Hyderabad, with its rich heritage and forward-looking ethos, resonates deeply with our brand's philosophy. We are thrilled to invite the people of Hyderabad to experience the art of fine furniture-making and join us in this exciting new chapter of our growth story."