Retail Brand Shree Launches New Store In Delhi

Fashion Retail Brand Shree opened its 95th store in Delhi on Saturday and will soon be a 100-store strong brand.  In 2021, they have further expanded the brand with stores in Rajasthan and Punjab. Next up they are looking to open brand stores in Uttar Pradesh.

Speaking on the expansion plans, Sheetal Kapoor, Joint Managing director, SHR Lifestyle said, “We are happy that we will soon be a 100-store brand. This is just a small step towards a bigger goal—we aspire to have 500 stores pan India in the next 5 years. With the vaccine out and life slowly returning to the new normal, we are confident that the fashion market will see an upward swing, and this poses tremendous scope for growth in the garment retail sector.”

The company currently stands at a turnover of 68.97 crore and is growing. Mumbai-based private investment firm Alpha Capital’s Rs 80 crores ($11.5 million) is being effectively utilized to further deepen the brand’s reach in existing markets and open up newer geographies; expand distribution networks by setting up new retail stores, add senior talent and increase customer base. This partnership will further help the brand materialize its vision of growing to over 300 stores in the next 2-3 years.