In a bid to expand its footprint across country, Arvind’s subsidiary Arvind Lifestyle is planning to invest Rs 126 crore, up from Rs 90 crore spent last fiscal, as capital expenditure this fiscal.
Number of stores the company is currently operating is 1,100, which is likely to go up to 1,300 in FY15, adding that about 90 per cent of stores are profitable.
Arvind has a portfolio of 12 of its own brands. It also runs the country’s largest value retail chain Megamart and the UK-based department store chain Debenhams, and the apparel specialty retail chain Next. Arvind has over 1.3 million square feet of retail space across various brands.