Godrej Lifespace, the ‘Home & Interiors’ stores, a part of the retailing division of Godrej & Boyce Manufacturing Co Ltd, is targeting a five-fold increase in its turnover in the next three years. It hopes to increase its current turnover of Rs. 100 crore to Rs. 500 crore by setting up 50 new stores during this period in major cities across the country.
The new store outlets will occupy about two lakh sq.ft. of additional retail space and will cover tier II and tier III cities like Nagpur, Aurangabad, Jalgaon, Kolhapur, Satara and Sangli in Maharashtra, according to a Hindu Business Line report.
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