V2 Retail closes non-performing store in Karnataka

India’s leading value fashion retailer V2 Retail has closed one more of its non-performing store at Udupi in Karnataka. The company closed stores in Chapra, Bihar and Kota, Rajasthan last month. It added one store at Rourkela in the state of Odisha. Despite COVID-19 led disruptions, V2 Retail is confident about accelerating growth and profitability on account of sustained focus on customer experience, merchandise selection, strong brand recall, and omnichannel presence.

Launched in 2001, V2 Retail sells womenswear, menswear, and children’s wear. It currently has 93 operational stores across India. The company currently has over 37 stores under its umbrella out of which 3 in Delhi-NCR, 14 in Bihar, 8 in Uttar Pradesh, 2 in Odisha, Uttarakhand and Assam, 1 each in Jharkhand, Karnataka, Himachal Pradesh, West Bengal, Arunachal Pradesh and Tripura. The company has been successfully serving the Indian retail market for more than 25 years and in this journey, our group has created many firsts in the industry. It was the first to cross 100 stores, first to implement SAP, first to create private labels in grocery etc.