Vu Tech to enter more cities, eyes Rs 500 crore sales in FY17 – Feedback

California-based television firm Vu Technologies is looking at a sales growth of 80 per cent this year to clock revenue of Rs 500 crore on the back of enhanced presence and growth in online format in the country.

The company, which has 20 branded stores in leading metros, is planning to expand in tier II and III cities by adding 30 outlets by the end of December. “We have grown to Rs 275 crore this fiscal from Rs 96 crore and now our target for next fiscal (2016-17) is Rs 500 crore,” Vu Technologies CEO and Design Head Devita Saraf told PTI. She further added: “The online channel contributed 70 per cent of our sales and rest 30 per cent is from offline.” As part of retail sales expansion, the company is planning to open four stores in Mumbai, besides new stores in Delhi-NCR and in some other metros and new cities.

http://economictimes.indiatimes.com/industry/cons-products/durables/vu-tech-to-enter-more-cities-eyes-rs-500-crore-sales-in-fy17/articleshow/52237860.cms

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