Zivame, India’s online lingerie retailer, has some plans to spread its wings across Indian cities in the coming years.
60 stores in 18 months is some number!
The retailer has said that it plans to go for an exponential growth in next few years and achieve the above said number.
Further explaining, Amisha Jain, CEO, Zivame, said “With data, technology and innovation at the heart of everything done at Zivame, we are all set for an exponential growth over next few years.”
She also said “We have over 40 retail outlets in Tier-1 markets, and are looking at increasing the number to 100 in next 12-18 months. We will enhance our presence in these markets.”
Zivame hit a US $ 47.48 million annual run rate for financial year 2020.
It is important to note that the contribution of app towards Zivame’s gross sales jumped from 50 per cent in the previous financial year to 65 per cent this year.
