11 August 2022, Mumbai:
Women's apparel retailer Go Fashion (India), which added 30 new stores in line with the growth strategy in Q1 FY23, plans to expand store foot-print across geographies by adding around 120-130 new stores every year.
Go Fashion brand is also focusing on omnichannel engagements for a seamless consumer experience, building on a technology-driven growth strategy to reach consumers across all cities.
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go fashion clothing (India) reported a net profit at Rs 24.43 crore in the first quarter ended June 30 of the current fiscal 2022-23 as against the loss of Rs 18.99 crore in the same period of the previous fiscal 2021-22
Go Fashion’s revenue from operations increased more than five-folds at Rs 165.19 crore in Q1 FY23 as compared to Rs 30.99 crore in the same quarter last year
Its total expenses increased to Rs 136.93 crore in Apr-Jun quarter as against Rs 58.66 crore in the corresponding quarter of previous fiscal.
The company said it has seen this growth as it has been continually adding new products across all its bottom wear categories.
The Go Fashion store a house to women's bottom wear brand has taken a new warehousing facility of 12,177 sqft in Bhiwandi, Maharashtra to cater to the western regions of the country.
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