Mumbai, Aug. 3 -- As India's largest eyewear retailer prepares for a public listing, Lenskart is placing a sizable bet on physical retail in smaller cities and towns-banking on lower rents, brand white space, and early-mover advantage to offset rising lease liabilities and growing metro competition.
Offline retail now contributes around 75% of Lenskart's revenue, and store distribution has shifted in favour of smaller markets.
As of FY25, the company had 698 stores in tier‑2 and beyond, 469 in tier‑1 cities, and 900 in metros-categories defined separately in its draft red herring prospectus (DRHP). Metros include India's largest cities such as Delhi, Mumbai, and Bengaluru; tier‑1 covers secondary but sizable cities lik...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.