Home / Knowledge / News / Apparel/Garments / Toonz Retail eyes Rs 100-cr sales by FY 2018
Toonz Retail eyes Rs 100-cr sales by FY 2018
26
Jul '16
Courtesy: Toonz
Courtesy: Toonz
Toonz Retail, which runs a chain of off line stores in the country selling everything for kids from clothes to crayons, has plans to open 50 more stores of its new apparel brand 'Super Young' and become a Rs one billion brand by the end of financial year 2017-18.

The Company's Retail Managing Director and CEO Sharad Venkta said the company was aiming for a turnover of over Rs 100 crore turnover by financial year 2017-18 and planned to do so with the help of 'Super Young'.

“There is a big gap in apparel offerings in the market..we are looking to cover that with Super Young brand," Venkta told PTI adding that they would position the new brand by opening smaller stores in metro cities and in premiums shopping malls.

"We expect 'Super Young' to contribute 18-19 % in our total sales..We plan to invest Rs 20 crore for expansion. This sum will be utilised for brand building and development of new products," he said.

At present, the company operates 100 Toonz Retail outlets in South and North India, and 70% of these are in South India. They have stores in Delhi-NCR, Karnataka, Jharkhand, Odisha, Tamil Nadu, Kerala, Uttar Pradesh, Telangana, Haryana, Punjab, Maharashtra, Madhya Pradesh, Rajasthan and Arunachal Pradesh.

The company which is expanding its network based on franchise model, plans to open more outlets in South India, while expansion at the international level is also on the cards by exploring new markets especially GCC countries, Egypt and Mexico.

"At present, we have one operational store in Saudi Arabia...we plan to open two more by September this year..We are also in discussion to open more stores in international locations...but it may take time to materialise..," he said.

The company also supplies its products to Fiji, Mauritius and Nepal. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

PVH Corp Q1 2017 revenue rises 4%

The first quarter revenue of fiscal 2017 at apparel marketer PVH Corp ...

Courtesy: Levi Strauss & Co

Apparel/Garments | On 26th May 2017

LS&Co. to fund water saving solutions

LS&Co. will fund to the tune of more than $350,000 the solutions...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Paolo Ocleppo
Sandvik Hyperion

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Wendell Rodricks
Wendell Rodricks

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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:
May 2017

May 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