Max Trend targets Rs 3088 crore income and complete 250 shops by March 2018, Retail Information, ET Retail

New Delhi: Indian retail firm Max Trend, owned by Dubai-based $9 billion Landmark Group, is focusing on income of Rs 3088 crore and can add 60 extra to take the overall retailer rely to 250 by the tip of FY17. The aim is so as to add shops. -2018, a high firm official mentioned at the moment.

“We have now been rising at 34% year-on-year for the final 10 years and anticipate to realize a income of Rs 3088 crore by the tip of this monetary yr. We’re additionally planning to begin 60 shops by the tip of the subsequent monetary yr by investing Rs 5 crore for every retailer. Of which 2.5 crore is capital expenditure and a couple of.5 crore is within the works,” mentioned Vasant Kumar, government director, Max Trend.

Max Trend, which at present operates 190 shops, is seeing its development primarily from the children put on phase. In 2008-2009, the children put on phase contributed 16% to Max’s general enterprise, which elevated to 23% in 2016-2017.

Given such development potential, Max now goals to garner Rs 700 crore from this single class alone.

“Children Put on is the anchor class for Max and supplies visas for your entire household to come back and store at Max,” Kumar mentioned.

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