{"id":2872,"date":"2016-07-06T11:42:00","date_gmt":"2016-07-06T11:42:00","guid":{"rendered":"https:\/\/www.thirdeyesight.in\/?p=2872"},"modified":"2022-09-13T11:44:04","modified_gmt":"2022-09-13T11:44:04","slug":"lifestyle-international-plans-expansion-as-ecommerce-threat-fades","status":"publish","type":"post","link":"https:\/\/myechoproject.com\/TES\/lifestyle-international-plans-expansion-as-ecommerce-threat-fades\/","title":{"rendered":"Lifestyle International plans expansion as ecommerce threat fades"},"content":{"rendered":"\n<p> <i><img decoding=\"async\" data-src=\"..\/images\/spacer.gif\" height=\"8\" width=\"20\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" style=\"--smush-placeholder-width: 20px; --smush-placeholder-aspect-ratio: 20\/8;\">Sobia Khan &amp; Richa\nMaheshwari, The Economic Times<br>\n<\/i><\/p>\n<p><i><img decoding=\"async\" data-src=\"..\/images\/spacer.gif\" height=\"8\" width=\"20\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" style=\"--smush-placeholder-width: 20px; --smush-placeholder-aspect-ratio: 20\/8;\">Bengaluru, 6 July 2016<\/i><\/p>\n<p><img decoding=\"async\" style=\"width: 45%; height: auto; float: left;\" alt=\"\" data-src=\"..\/images\/lifestyle-expansion.jpg\" hspace=\"10\" vspace=\"5\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\">Lifestyle\nInternational, the Bengaluru-based retailer, has set a target of\nbecoming a billion-dollar (nearly Rs 6,750 crore) turnover company by\nMarch 2017 by adding more stores, a top official said.<br><br>&#8220;This\nwill be the most aggressive expansion for the company post 2010. Our\nexpansion plan is firm, we have been on track. But sometimes malls get\ndelayed,&#8221; said Kabir Lumba MD Lifestyle International. The company\nclocked a turnover of Rs 5,700 crore during the last financial year.\nLifestyle International operates stores under Lifestyle, Max and Home\nCenter formats across major cities.<br><br>The company plans to open\naround 25-30 Max stores, 10-12 Lifestyle stores and 3-4 Home Center\nforums in tier I and II cities including Bengaluru, Delhi, Agra,\nIndore, Lucknow and Howrah.<br><br>&#8220;We started getting into tier II\ntowns sometime back and we are seeing healthy traction across all\nregions for both tier I and tier II cities,&#8221; said Lumba. The company\ncurrently has around 230 stores across Lifestyle, Max and Home Centre\nformats in India. The Indian retail sector is seeing huge competition\nfrom e-commerce giants like Amazon, Flipkart, Myntra and Snapdeal.<br><br><span style=\"font-weight: bold;\">&#8220;Overall\nthere is greater confidence among retailers. Earlier, there was threat\nfrom ecommerce platforms in terms of discounting, impacting footfalls.\nBut this is diminishing now and is positive for retail industry,&#8221; said\nDevangshu Dutta CEO Third Eyesight, a retail consultancy firm.<\/span><br style=\"font-weight: bold;\"><br>Globally,\nIndia is among the top 10 retail markets. According to a recent report\nby Confederation of Indian Industry (CII) and consulting firm The\nBoston Consulting Group, the retail sector in the country will double\nto levels of $1.1-1.2 trillion by 2020 from $630 billion in 2015.<\/p><p><span style=\"font-style: italic;\"><\/span><i>(Published\nin <a href=\"http:\/\/economictimes.indiatimes.com\/industry\/services\/retail\/lifestyle-international-plans-expansion-as-ecommerce-threat-fades\/articleshow\/53070591.cms\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: bold;\">The Economic Times<\/span><\/a><a href=\"http:\/\/www.financialexpress.com\/article\/industry\/companies\/putting-mobile-wallets-through-convenience-test-heres-how\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: bold;\"><\/span><\/a>)<\/i>\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sobia Khan &amp; Richa Maheshwari, The Economic Times Bengaluru, 6 July 2016 Lifestyle International, the Bengaluru-based retailer, has set a target of becoming a billion-dollar (nearly Rs 6,750 crore) turnover company by March 2017 by adding more stores, a top official said. &#8220;This will be the most aggressive expansion for the company post 2010. Our [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-2872","post","type-post","status-publish","format-standard","hentry","category-press-quotes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Lifestyle International plans expansion as ecommerce threat fades - Third Eyesight<\/title>\n<meta name=\"robots\" content=\"index,follow\" \/>\n<link rel=\"canonical\" href=\"https:\/\/myechoproject.com\/TES\/lifestyle-international-plans-expansion-as-ecommerce-threat-fades\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lifestyle International plans expansion as ecommerce threat fades - Third Eyesight\" \/>\n<meta property=\"og:description\" content=\"Sobia Khan &amp; Richa Maheshwari, The Economic Times Bengaluru, 6 July 2016 Lifestyle International, the Bengaluru-based retailer, has set a target of becoming a billion-dollar (nearly Rs 6,750 crore) turnover company by March 2017 by adding more stores, a top official said. &#8220;This will be the most aggressive expansion for the company post 2010. 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