Home / Knowledge / News / Apparel/Garments / Turkey's apparel retailer LC Waikiki on expansion spree
Turkey's apparel retailer LC Waikiki on expansion spree
03
Aug '12
LC Waikiki, Turkey’s leading apparel retailer, is planning to increase its store count abroad from the current 36 to 200 by 2015.
 
The company is planning to open more stores in Kazakhstan, Romania, Poland and Russia over the next three years.
 
It is also aiming to foray into new markets like Georgia, Azerbaijan, Saudi Arabia, Morocco and Iran.
 
The company is planning to take the count of its outlets in Turkey from the present 373 to 450 by 2015, according to a bi-yearly survey by market researcher Ipsos KMG.
 
The apparel retailer clocked a turnover of 2.9 billion liras in 2011 and has set a target of 3.75 billion (approx. US$ 2.1 billion) liras for the current year, up 29 percent year-on-year.
 
LC Waikiki, which was bought by Tema Group in 1997, is aiming to become one of the three most successful apparel retailers in Europe by 2023, according to the company website.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 2nd Dec 2016

Indian currency crisis impacts global cotton market

The currency crisis in India, marked by insufficient supply of new...

Huang Wei from Fiber Raw Material Dept of Sinopec Chemical Commercial Holding speaking at the Forum

Textiles | On 2nd Dec 2016

Huge potential for nylon consumption: Experts

There is huge potential for increase in nylon consumption said...

Apparel/Garments | On 2nd Dec 2016

Aditya Birla Group to establish apparel unit in Odisha

Aditya Birla Retail and Fashion Ltd. (ABFRL) is establishing a new...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search