WoodenStreet to Invest $2 Million for Expansion
Custom furniture startup WoodenStreet is all set to expand its reach by opening over 20 new stores with an investment of approximately $2 million this year. The furniture brand’s expansion will raise the store count to over 50. The firm is looking at both franchisee and company-operated brick-and-mortar formats. Earlier in 2020, WoodenStreet had launched two new brick-and-mortar experience stores in Kolkata and Kochi amid the COVID-19 pandemic. The company wants to raise the count to 100+ stores, in terms of both franchisees and experience stores. From the 20 new stores that it is planning to launch this year, seven of these in Thane Mumbai, Lucknow, Chandigarh, Chennai, Bangalore, Noida, Gurugram, among others are finalized and will get live in next 15-20 days. WoodenStreet currently operates over 30 brick-and-mortars across India. Apart from online presence, the firm has more than 30 delivery hubs, delivering a range of over 10,000 home furniture, décor and home furnishing products.
Tags : ALLIED Investment Expansion WoodenStreet