V-Mart to hire 2,000 people, invest Rs 115 crore for 60 new stores in FY20

V-Mart has already opened 20 new stores this fiscal and now operates 233 outlets.

Value fashion and lifestyle products retailer V-Mart Retail would hire 2,000 people and invest Rs 115 crore this fiscal to expand its footprint, a top company official said.
 

The retailer, which mainly operates in tier-II and III cities, plans to add around 60 stores this fiscal, taking its total count to 275.

The company also expects the contribution of its private labels to increase to around 75 per cent of total sales, from 70 per cent currently.
 

"We have plans to add 60 stores this year (fiscal) in our network, taking the total count to 275," V-Mart Retail Chairman and Managing