Home / Knowledge / News / Textiles / 15 retail stores to fuel Sangam India expansion
15 retail stores to fuel Sangam India expansion
05
Jul '16
One of India's leading integrated textile conglomerate, Sangam (India) Ltd, plans to open 10-15 stores in tier I and tier II metro towns by March 2017. It has floated a 100 per cent subsidiary for the purpose.

It plans to offer more than 100 exclusive ranges of products in these stores. Till date, the company has appointed 700 MBOs (Multi Brand Outlets) all over India and intends to take this network to 1,000 by the end of this fiscal.

Sangam (India) Chairman R P Soni said the company plans to set up 10-15 EBOs (Exclusive Brand Outlets) by the end of this financial year.

The company has already started its online retail initiative with c9fashion.com and has tied up with several online retailers in the country.

Soni said a 100 per cent subsidiary - Sangam Lifestyle Ventures - has been floated for its retail business, which will focus on developing new exclusive chain of stores under C9 Fashion brand name while the company will continue to expand its multi-brand outlets.

"We have received an encouraging response to our recent foray into seamless garmenting. What enthuses us is that this response is despite the fact that we are yet to fully roll out our brand and marketing campaigns.

We are hopeful of a much higher revenue contribution and better operating margin from this segment going forward," he said.

Sangam (India) reported a 49.39 per cent rise in net profit at Rs 77.04 crore for the last fiscal. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Tony Ward
Tony Ward

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

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search