Lifestyle Intl. plans of becoming a billion-dollar company

By adding more stores to the existing ones, Bengaluru-based retailer, Lifestyle International has set a target of becoming a billion-dollar (nearly Rs 6,750 crores) turnover company by March 2017, it is gathered. And Kabir Lumba MD Lifestyle International has said this will be the most aggressive expansion for the company post 2010. Our expansion plan is firm, we have been on track. But sometimes malls get delayed," has been reported to have observed. Lifestyle International operates stores under Lifestyle, Max and Home Center formats across major cities. The company clocked a turnover of Rs 5,700 crore during the last financial year.

The company plans to open around 25-30 Max stores, 10-12 Lifestyle stores and 3-4 Home Center forums in Tier I and II cities including Bangalore, Delhi, Agra, Indore, Lucknow and Howrah. The company currently has around 230 stores across Lifestyle, Max and Home Centre formats in India. The Indian retail sector is seeing huge competition from e-commerce giants like Amazon, Flipkart, Myntra and Snapdeal.