Mumbai: Max Fashion is planning to expand its footprint with 400 new stores in 120 Tier-I and Tier-II cities in India. The brand is also expanding its value apparel retail format ‘Easybuy’, a 40 per cent cheaper format than Max, with an objective to have a chain of 180 retail stores catering to Tier-III and Tier-IV cities.
The fashion retailer is aiming to double its turnover in next four years to Rs. 5,000 crore. By FY 2020-21 they would be Rs. 5,000 crore company. This year we would close at around Rs. 2,400 crore. Last fiscal, we were at Rs. 1,800 crore. The company is growing at the rate of 35 per cent per year and wants to maintain this growth for the next 2-3 years.