Office space and home furniture provider WoodenStreet is in talks to lease 5,00,000 sq ft 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.
The company’s prime focus in 2022 will be on doubling their current presence in all the Metro and Tier-II, Tier-III cities, which will also help generate 800-1,000 job opportunities for the youth. The expansion will help WoodenStreet cover more than 5,00,000 sq ft as it plans to inaugurate multiple stores and warehouses in various cities.
Along with the expansion, the company will also be introducing new categories as an addition to their current extensive catalogue of 1,00,000-plus home decor and furnishing products. The categories include office furnishing, modular kitchen solutions and gifting products.
The smart office furniture category is targeted towards organisations looking for better modular options to enhance productivity.