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Small apparel brands on a roll
15
Jan '10
Small brands that are mushrooming in small cities are now attracting the attention of private players. Brands such as Liverpool Retail India's Barcelona, Vir Retail's John Hill and Nahar Group's Cotton County that sell outfits at less than one-third the price of national brands are opening stores faster than the cautious national brands.

These brands have a price range of Rs.150-600, and work on low margins and fast stock turnover. Their marketing efforts are mostly localized and they woo new consumers into the organized sector through discounted offers like 'buy one, get three'.

Baqar Naqvi, associate VP retail & consumer goods at Technopak says, "Several regional brands are challenging the might of big players within the value segment where a significant proportion of Indian demand exists. Many of them will soon grow into national players and capture share from established brands,"

Sachin Sahni, Vice President of the Rs.200-crore Cotton County brand, which has 600 stores comments, "Franchisees are also keen on partnering the discount model as the scale enables us to take back unsold stock and deploy it in markets where it would sell,"

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Fibre2fashion News Desk - India


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Courtesy: Business wire

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