Stanley Lifestyles commits over Rs 40 crore for expansion in Pune, launching a 12,000-square-feet store. With a focus on premium, custom-made furniture and leveraging increasing disposable incomes and urbanization, the company plans to open over 10 new stores in key Indian cities.
Stanley Lifestyles, a luxury furniture brand, has committed an investment of over Rs 40 crore for expansion in Pune over the next year, it said in a media release.
Last week, the company launched its first expansive 12,000-square-feet store in Pune, reinforcing its aggressive expansion strategy in India’s growing premium and luxury home solutions market.
Experiencing steady growth, driven by increasing disposable incomes, urbanization, and evolving consumer preferences for high-quality, premium, custom-made, long-lasting durable furniture, Stanley is continuing its post-IPO growth trajectory.
Sunil Suresh, founder and CMD of the company said, “Pune is a strategic market for us, with an evolving consumer base that values craftsmanship, customization, and luxury in home interiors. The demand for premium home solutions is increasing, and with our first Stanley Living store and our 3rd in Pune, we are bringing an unmatched retail experience to Pune’s homeowners.”
Founded in 1996, Stanley has a presence in 23 cities and 68 stores across India. The company is now focused on deepening its reach in key tier-1 and tier-2 cities with over 10 new store openings planned across India in the coming months. Courtesy: https://retail.economictimes.indiatimes.com/news/home-and-decor/furniture-and-decor/stanley-lifestyles-to-invest-rs-40-crore-for-expansion-in-pune-over-next-year/117595241