The offline expansion will create around 700-1,000 jobs ahead of the festive season and help in reaching Rs 950 – Rs1,000 cr in revenue this fiscal.
New Delhi: Gurugram-based value fashion retailer Citykart plans to open over 25 new stores across Uttar Pradesh, Bihar, Jharkhand, Assam and Odisha, welcoming customers ahead of the festive season, a release by the company said on Monday.
As part of this expansion, Citykart will be entering 15 new cities, backed by an investment of approximately Rs 100 crore, creating employment opportunities for around 700-1000 people, the release added.
The company also plans to expand its presence from 75 cities to 90 cities.
“The festive season brings cheer, and we are thrilled and fully prepared for the upcoming sales. Launching 25 to 30 new Citykart stores across Bihar, Uttar Pradesh, and other new states reflects our dedication to better serving our customers. The enthusiastic response from our customers has inspired us to broaden our store presence and enhance our product offerings. Our focus remains on meeting the unique needs of families in tier-II and tier-IlI cities, and we look forward to welcoming new shoppers while strengthening connections with our existing customers,” said Ritesh Rathi, COO of Citykart.
The new stores will play a significant role in helping the company reach revenues of Rs 950 to Rs 1,000 crore in the financial year 2025.
