Home / Knowledge / News / Apparel/Garments / OmniaLuo opens its 187th store in Chansa
OmniaLuo opens its 187th store in Chansa
14
Mar '08
OmniaLuo Inc, a China-based company engaged in the business of designing, developing, marketing and distributing fine women's apparel under the brand name OMNIALUO, announced that it remained on pace in February to meet its 2008 strategic goals by opening an additional store, thereby gaining a vital foothold in another major metropolitan area. Specifically, February's new store opening contributes to achieving the following:

Store Count Growth: This latest store brings the total number to 187, an 89% year-on-year increase over OmniaLuo's 99 total stores in February 2007.

Consistent Net Margin Improvement: Co-owned with a franchisee, stores of this type can achieve store level net profit margins of 40%-50%; stores wholly owned by the Company typically record net margins of 20%-40%. And while the new store is co-owned, OmniaLuo will retain 70% of revenue generated.

Major Market Introduction and Awareness: The new store is the Company's first in Chansha, the capital of Hunan province. Chansha has a population of over 6 million and is ranked as one of China's top 20 economically advanced cities.

It has enjoyed 14% annual GDP growth since 2001 (national average: 9%), and its average household income is 15% higher than the China norm. Chansha precisely fits OmniaLuo's target market criteria as an increasingly urban, sophisticated and affluent metropolitan area.

Moreover, the new store comes during the month of the Chinese New Year, a historical commercial "dead zone" for nearly all Chinese companies.


Must ReadView All

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Textiles | On 28th Jun 2017

GST and textiles industry: Analysis and opinion

The Goods and Services Tax (GST) is at long last all set to be rolled ...

Textiles | On 28th Jun 2017

India probing dumping of polyester yarn by China

Indian government is probing anti-dumping allegations against a...

Interviews View All

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Amrit Sethia
SOIE

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search