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CITYKART EXPANDS ITS FOOTPRINT WITH AMBITIOUS GROWTH PLANS FOR FESTIVE SEASON
The Daily Guardian
|October 11, 2024
CityKart is set to open 25-30 new stores in Tier 2 and Tier 3 cities, aiming for 50%-60% festive season revenue growth, while creating 500-600 new jobs.
1. What are CityKart's plans for opening new stores next quarter, and which cities can we expect to see new locations?
In the upcoming quarter, Citykart aims to launch 25-30 new stores across Uttar Pradesh, Bihar, Jharkhand, Assam, and Odisha, with new locations broadening its footprint into 15 additional cities. This expansion will increase Citykart's presence from 75 to over 90 cities and take the count of stores to 130 around. Additionally, Citykart is excited to debut its first store in New Delhi.
2.How is CityKart preparing for the upcoming festive season, and what sales growth do you anticipate?
Citykart is gearing up for the festive season by expanding its store network and enriching its product range. With the opening of new Stores and robust festive demand, the company is targeting 50% - 60% revenue growth during this period. Committed to being the Best Bargain in town, Citykart offers competitive entry price points (EPP) across both apparel and non-apparel categories.
3. Which categories will CityKart focus on or expand during the festive season, and what are the reasons for this focus?
We are skipping this question.
4. Will CityKart be hiring additional staff to meet the increased demand during the festive season, and if so, how many new jobs will be created?
This story is from the October 11, 2024 edition of The Daily Guardian.
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