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 22nd May 2017

GST to be biggest achievement of Modi govt: ASSOCHAM

Goods and Services Tax (GST) which is near a roll-out would be the...

Textiles | On 22nd May 2017

Maintaining NAFTA benefits is crucial: Cotton council

The US must remain a participant in a vibrant North American Free...

Apparel/Garments | On 22nd May 2017

Retailers ask Congress not to go for consumption tax

The National Retail Federation has asked US Congress to focus on...

Interviews View All

Karan Toshniwal
Orange O Tec

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

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Eamonn Tighe
Nature Works LLC

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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