Lifestyle products retailer, Addons Retail Private Limited, plans to open 10 stores in various cities of Gujarat by the end of March 2013. The company, which operates a chain of stores under the retail concept 'Addons Women' and 'Addons Men', today opened three stores in Ahmedabad. Going forward, the fashion accessories retailer is eyeing to expand its presence in the state.
"We are largely looking at Ahmedabad as it has some of the largest businesses of the country and it is on the peak of urbanization. The company plans to opens 10 stores in state by end of March 2013 and targets to venture out in the major cities likes Surat, Rajkot, Bhavnagar, Valsad, Navsari, Anand, Morbi, Baroda, Gandhinagar and Jamnagar," said Ashish Saboo, CEO, Addons Retail Pvt. Ltd.
The company currently has 55 stores across India and it is increasing the number of stores to 75 by March 2013. "We aim to achieve sales of Rs 100 crore by end of fiscal 2013," added Saboo. Addons has design studio at Mumbai and manufacturing facilities at China and Korea.
