WoodenStreet to expand in tier 2 Cities with investment of ₹8-10 Cr
Interiors

WoodenStreet to expand in tier 2 Cities with investment of ₹8-10 Cr

WoodenStreet plans to grow its physical presence in tier 2 cities, where the firm got significant exposure through online sales during the epidemic, after creating a reputation for itself and quality in metropolitan capitals. To keep the momentum rolling, the brand has declared that it would invest $8-10 million to increase its physical presence in tier 2 cities.

The existence of WoodenStreet has been gratifying throughout the uncertain days of the epidemic. During the lockout, 30% of the brand's consumers came from tier 2 cities, motivating the company to invest and develop. In the next 12 months, the company plans to establish 20+ outlets in 10+ tier 2 cities. Each of these experience stores will be 2500-3000 square feet in size, allowing for maximum flexibility.

The brand is planned to open four additional smart shops in locations including as Chandigarh, Lucknow, Ranchi, and Nagpur. These stores will be highly advanced, using virtual reality technology that will allow customers to imagine their houses while shopping for furnishings. The business hopes to provide 100+ job possibilities for residents as a result of this growth.


Lokendra Singh Ranawat, CEO WoodenStreet expressed his vision and details about the expansion, “The tier 2 city market has been the backbone of the industry. So far, our experience in cities like Jaipur, Ahmedabad, Indore, Agartala & Kochi has been nothing short of amazing. We have designed an exclusive range of products that are highly in-demand in the tier 2 cities & we believe our customers from these parts of the country will love what we have in store”.

The brand has so far outperformed every rival in the industry, and this expansion may quadruple their presence in the country. People who want to work with the brand can contact them, since all of these locations will be a combination of franchise and company-owned locations. The growth plan appears to be quite promising, and it will undoubtedly benefit WoodenStreet.

WoodenStreet plans to grow its physical presence in tier 2 cities, where the firm got significant exposure through online sales during the epidemic, after creating a reputation for itself and quality in metropolitan capitals. To keep the momentum rolling, the brand has declared that it would invest $8-10 million to increase its physical presence in tier 2 cities. The existence of WoodenStreet has been gratifying throughout the uncertain days of the epidemic. During the lockout, 30% of the brand's consumers came from tier 2 cities, motivating the company to invest and develop. In the next 12 months, the company plans to establish 20+ outlets in 10+ tier 2 cities. Each of these experience stores will be 2500-3000 square feet in size, allowing for maximum flexibility. The brand is planned to open four additional smart shops in locations including as Chandigarh, Lucknow, Ranchi, and Nagpur. These stores will be highly advanced, using virtual reality technology that will allow customers to imagine their houses while shopping for furnishings. The business hopes to provide 100+ job possibilities for residents as a result of this growth. Lokendra Singh Ranawat, CEO WoodenStreet expressed his vision and details about the expansion, “The tier 2 city market has been the backbone of the industry. So far, our experience in cities like Jaipur, Ahmedabad, Indore, Agartala & Kochi has been nothing short of amazing. We have designed an exclusive range of products that are highly in-demand in the tier 2 cities & we believe our customers from these parts of the country will love what we have in store”. The brand has so far outperformed every rival in the industry, and this expansion may quadruple their presence in the country. People who want to work with the brand can contact them, since all of these locations will be a combination of franchise and company-owned locations. The growth plan appears to be quite promising, and it will undoubtedly benefit WoodenStreet.

Next Story
Infrastructure Energy

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Next Story
Infrastructure Energy

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

Next Story
Infrastructure Energy

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?