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LOTS Wholesale Solutions opens third outlet in India; launches private brands

Press Trust of India  |  New Delhi 

LOTS Wholesale Solutions, a wholly owned subsidiary of Thailand-based Siam PCL, Thursday opened its third store in the country, in Noida.

LOTS Wholesale Solutions, which currently operates two stores in Delhi, also launched its private label own brands - and

The first two product categories introduced under these brands are bakery items and home cleaning, it said.

The company, which started its operation in in July last year, has a customer base of around 1,40,000 members at present.

The store in Noida is the first step towards the company's commitment of investing Rs 250 crore in Uttar Pradesh, added.

"The expansion plan will witness the opening of more stores in the state in the coming years," it further said.

is aiming to turn profitable in in next five to seven years. The company had earlier

announced that for the next two-three years it would focus and continue to add more stores in north as a part of its expansion plan. It intends to have a national footprint in 10 years.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 10 2019. 17:35 IST