Arvind to open 20 retail stores in AP

Textile major Arvind Ltd is targeting a Rs 4,000-crore turnover this financial year, driven by B-to-C (business to customer) retail business in the domestic market. The company reported a turnover of Rs 3,200 crore last year. In the current fiscal, it is aiming a turnover of Rs 4,000 crore, including Rs 100-crore income from real estate. The company announced the launch of first retail outlet, Arvind Store, also expected growth will brands and retails. The company intends to open 20 Arvind Stores in Andhra Pradesh alone and around 100 all over India in the next two years. It’s certainly a new business opportunity for those signage companies dealing with in-store displays.