Retail News Newsletter Columns Retail Jobs Dictionary Directory Calendar Policies Retail Edge Footprint

Home PageContact Us

Myntra.com to focus on tier 2, 3 towns
Posted On: 24-03-2012 00:33:38 AM

The online fashion retailer Myntra.com, which currently has monthly revenue of Rs 15 crore, gets more than 50% of its business from tier 2 and 3 towns. In Andhra Pradesh, Myntra reports orders to the tune of 550 per day, from regions like Vishakapatnam, Warangal, Tirupati and Rajamaundry, besides the twin capital cities Hyderabad and Secunderabad. Seeing the potential in these non-metros, the Company plans to focus on the regions in the interiors of India to continue doubling its growth. As per media reports, Mukesh Bansal, founder and CEO Myntra.com observed that the concept of online shopping is gaining acceptance in India, and the cash-on-delivery option contributes to a large part of the sales. Myntra is targeting revenue of Rs 500 crore in the next fiscal. To achieve this target, the Company plans to continue investing in their technology platform, supply chain and logistics, to strengthen their delivery networks across 400 cities.

 
 
 

SocialTwist Tell-a-Friend

 

Want more stories delivered to your inbox?
Please sign up here for our free newsletter.

 
retail india Related News retail industry india
retail news videos on retail industries
Walmart closed 269 stores expects flat sales growth
Q3 (2015-16) : Jubilant FoodWorks same store sales growth up 2%
Strategy: Titan focuses on premium watches for growth
Shoppers Stop like for like sales growth at 12%
Q1 (2013-14): HUL reports 7% growth in sales
retail stores
retail policies
retail suppliers retail classes retail news
retail policies retail news retail india
retail training Current Newsletter retail industry
retail suppliers retail industry growth retail slowdown
retail policies retail news retail india
retail training (FY 2015 - 16) 3rd Quarter Results retail industry
retail suppliers retail industry growth retail slowdown
retail policies retail news retail india
retail training Search News retail industry
retail suppliers retail industry growth retail slowdown
latest retail news in your mail

retail industry



 
retail news
About Retail Angle   |  The Team  |  User Agreement   |  Privacy Policy  |  Advertise with Us  |  Feedback  |  Site Map  |  Contact us 
retail industry

indian retail