Myntra to expand offline stores from 12 to 100 in 2 yrs: CEO
Flipkart-owned Myntra is planning to expand its offline presence from the existing 12 stores to 100 within the next two years, said CEO Ananth Narayanan. Myntra's private labels will be sold at these stores, which form 25% of its sales. Even after the launch of the 100th store, offline will comprise only about 5% of Myntra's business, added Narayanan.