WoodenStreet To Lease 500,000 Sq Ft Of Retail And Warehousing In 2022 To Invest Rs 50 Crore

WoodenStreet prime focus this year will be on doubling their current presence in all the metro and Tier-II, Tier-III cities, which will also help generate 800-1000 job opportunities for the youth. 

According to the report office space and home furniture provider WoodenStreet is in talks to lease 500,000 sq ft of retail and warehousing in 2022 as it plans to invest Rs 50 crore for offline expansion. WoodenStreet plans to grow by doubling its on-ground presence from 45 to 100 stores. Lokendra Ranawat, Co-founder, CEO, WoodenStreet said, “In 2021, we were able to expand our reach to almost every city in the country, which helped us to grow from 20 stores to 45.

WoodenStreet has always focused on delivering quality at affordable prices and looking at the way people have loved the ergonomics of our products and the array of the product range that we have; we are sure of doubling our numbers in 2022”. It is also said that company’s prime focus this year will be on doubling their current presence in all the metro and Tier-II, Tier-III cities, which will also help generate 800-1000 job opportunities for the youth. The expansion will help WoodenStreet cover more than 500,000 sq ft as they plan to inaugurate multiple stores and warehouses in various cities.

It is also said that company’s prime focus this year will be on doubling their current presence in all the metro and Tier-II, Tier-III cities, which will also help generate 800-1000 job opportunities for the youth.

Along with the expansion, the company will also be introducing new categories as an addition to their current extensive catalog of 100,000+ home decor and furnishing products. The categories include office furnishing, modular kitchen solutions & gifting products.

Ranawat further addded “Over the past couple of years, people have shown great response to our modular and smart work from home range. We realized that people need affordable ergonomically designed modular furniture in their homes, kitchens, and offices, which is why we are planning to introduce some amazingly innovative products which will create a better living experience in every home”. The smart office furniture category is targeted towards organizations looking for better modular options to enhance productivity.

We realized that people need affordable ergonomically designed modular furniture in their homes, kitchens, and offices, which is why we are planning to introduce some amazingly innovative products which will create a better living experience in every home”.