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

Textiles | On 24th Jan 2017

Textile industry demands relaxation of laws from Budget

The upcoming Union Budget 2017-18 should focus on relaxing certain...

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Paolo Ocleppo
Sandvik Hyperion

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Pranav Mishra
Huemn

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search