Ethnic wear brand Shree owned by SHR Lifestyle Pvt Ltd has strengthened its retail presence with the addition of a new store in the city of Gurugram. The new store is located in the National Capital Region (NCR) at MGF Mall.
The brand plans to open around 20 new stores over the next two years. On the back of its retail expansion, the brand expects a revival in sales during the upcoming festive season and expects strong growth going forward.
Commenting on the launch, Sheetal Kapoor, joint managing director at SHR Lifestyle Pvt Ltd, in a statement said: “We are excited about launching our latest store in Gurgaon, thus expanding our footprint further in the Delhi NCR region. This has been a tumultuous year and we hope that our latest festive collection brings a smile to all our customers.”
“This year alone, despite the second wave of the pandemic, we will be launching ten stores. We are looking at 2022 being a lucrative year with a plan to launch ten to twelve stores in the coming year. The fashion market is already on an upswing with online shopping growing at a tremendous rate, thus increasing the potential for growth in the garment retail sector.”
SHR Lifestyle Pvt Ltd is an ethnic wear manufacturer and distributor of women’s clothing across India and abroad. Its brand Shree currently operates 93 stores across India.
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