Home / Knowledge / News / Apparel/Garments / Indochino opening showrooms in four cities in US
Indochino opening showrooms in four cities in US
26
Jun '17
Courtesy: Indochino
Courtesy: Indochino
Indochino has announced that it will open showrooms in four major cities in the United States, continuing to scale its innovative and profitable omnichannel business. At the same time, the company has also announced 57 per cent year-over-year net revenue growth over the past six months, after finishing 2016 with 54 per cent year- over-year growth.

On July 7, 2017, Indochino will add a second New York location in the heart of the city's Financial District, directly across from the New York Stock Exchange. On July 14, it will open a flagship store in Chicago at The Shops at North Bridge in the popular River North District. On July 21, the company will enter Washington, DC, and open a flagship at the upmarket Tyson's Galleria in the suburb of Maclean, Virginia. Finally, on August 11, Indochino will open its doors to men looking to suit up in style at King of Prussia Mall, located outside Philadelphia.

The new stores are opening due to an overwhelming demand for more Indochino brick-and-mortar locations and are in line with its retail expansion plans. The company's current showrooms in New York and Philadelphia are consistently reaching capacity. New markets of Chicago and Washington, DC, represent two of the company's largest online customer bases.

"In the span of a month, we will almost double the number of our US locations as we continue to change shopping habits and bring our unique showroom experience to men across North America. We've been prudently searching for the perfect locations to become available and are confident that launching all stores in quick succession will better serve our growing customer base while continuing to build a strong brand presence," said Drew Green, CEO of Indochino.

Indochino, the first company to offer mass customised apparel online, opened its first permanent brick-and-mortar showroom in 2015. The four new US showrooms closely follow three new Canadian locations in Edmonton, Calgary and Greater Vancouver, which opened in April 2017, and will take the total retail number to 17 across North America.

The announcement comes as the company posted outstanding growth and profitable results for the previous six-month period between December 1 2016 and May 28 2017, compared with the same period last year. The company has also reported net revenue increase of 57 per cent and gross margin improvement of 1100 basis points. Indochino’s customer base has grown by 43 per cent.

"It's been a stellar year of profitable growth and we're committed to keep growing the business in a strategic and sustainable way as we offer men around the world personalised clothing at unprecedented value," Drew Green continued.

"We've inspired a new way for men to shop by providing a realistic and affordable alternative to ready to wear. I’m inspired every single day by my colleagues in North America and China who have worked tirelessly to build this incredible movement," Drew Green said. (SV)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 22nd Feb 2020

Pharr sells Pharr High Performance to Coats Group

Pharr, a provider of differentiated textile products and assorted...

Pic: Shutterstock

Textiles | On 22nd Feb 2020

TOAI highlights importance of textiles in auto industry

The first edition of the conference 'Textile Opportunities in a...

Pic: Shutterstock

Textiles | On 22nd Feb 2020

Cocona's 37.5 fibres to have new biodegradable additive

All of the 37.5 staple fibres and filament yarns by Cocona, will now...

Interviews View All

Vidhyaa Shankar. S, A Ganapathi Chettiar

Vidhyaa Shankar. S
A Ganapathi Chettiar

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

Top executives, Textile industry

Top executives
Textile industry

Denimsandjeans India 2018

Karan Suratwala, Key Textile Accessories Private Limited

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Verena Ruckh,

Verena Ruckh

Brückner Trockentechnik develops, manufactures and supplies textile...

Marcel Moser,

Marcel Moser

Switzerland-based Benninger is a leading manufacturer of technologically...

Marcus Hardelauf,

Marcus Hardelauf

Germany-based Textechno is one of the leading manufacturers of testing...

Alfonso Marra, Klopman

Alfonso Marra
Klopman

It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Daniel Kaye, RocketLife

Daniel Kaye
RocketLife

<div>RocketLife, an award-winning developer of breakthrough visual...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

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

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

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

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

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


February 2020

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


Advanced Search