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Footwear and performance apparel brand Woodland expects around Rs 1,200 crore in sales this fiscal, reaching its pre-Covid numbers as customers return to stores, said Aero Club Managing Director Harkirat Singh. Aero Club, which owns brands Woods and Woodland, had closed around 50 stores during the Covid pandemic and has now started opening new stores, this time in large format as it aims to resume its double-digit growth journey. Besides, the company has also introduced a new brand 'A Skating Monk', which is a high-end streetwear brand, targetting a niche young customer base with its range of footwear, apparel and accessories. Presently, its range is available at selected Woodland outlets and streetwear brand stores in a pop-up format but it also plans to open 8-9 flagship stores in future, which would act as an experiential centre, where people can understand the brand, said A Skating Monk founder Gagandeep Singh. Over the expansion plans, Singh said Woodland presently has a ...
Footwear and apparel brand Woodland, is expecting to double its sales in next five years to around Rs 2,500 crore, driven by retail expansion, a top company official said. The company, which is presently operating around 600 retail stores in around 250 cities, mostly owned by it, plans to add around 30 to 40 stores every year mostly in small cities. "Our topline was around Rs 1,250 crore (FY19) and is growing by 10 per cent every year, which is a quite healthy and sustainable," Aero Club Managing Director Harkirat Singh told PTI. Aero Club, maker of Woodland & Woods, expects to continue the same rate of growth for the coming 4-5 years and expects to double the turnover by FY25. Besides, Woodland, which presently gets around 12 to 15 per cent of its sales through e-commerce, from its own website and channel partners, expects significant growth in this space in the coming years. As part of its retail strategy, Woodland has adopted the omni-channel strategy by connecting, its offline