ColorPlus Fashions Ltd, the subsidiary of apparel major Raymond Apparel Ltd, has planned to double its income by launching 100 more stores in the next two years and targets a turnover of around Rs 192 crore by this fiscal-end.
Elaborating the plan, Ashesh Amin of Raymond Ltd, said, “As the prices of real estate have come down, we have planned to expand our retail business hoping to double our turnover in the next two years from Rs 151 crore to Rs 300 crore.”
The company has also planned to increase its revenue share of women’s wear and kidswear market to 8–10 per cent in the next two years, up from its current one per cent share.
