>>
Home / Knowledge / News / Apparel/Garments / Van Heusen banks on expansion; eyes 20% growth in FY'14
Van Heusen banks on expansion; eyes 20% growth in FY'14
08
Jun '13
Banking on its network expansion and introduction of new product categories, premium apparel brand, Van Heusen, is eyeing an 18-20 percent rise in its earnings during ongoing financial year 2013-14.
 
To achieve the target, the brand owned by Madura Fashion and Lifestyle would focus on new product lines and invest Rs. 100 million to set up 10 exclusive womenswear stores and 4-5 exclusive accessories stores during the ongoing fiscal year, Vinay Bhopatkar, Brand Head, Van Heusen, told PTI.
 
The company also plans to launch another 50 exclusive Van Heusen outlets this year, mainly in cities other than metros. Around 70 percent of these outlets would be established under franchise model, Economic Times reported quoting PTI.
 
According to Mr. Bhopatkar, the expansion plans and introduction of new product lines would help the company to grow in spite of slow moving demand in its target markets.
 
The company’s sales grew by about 10 percent to around Rs. 10 billion during last fiscal, with menswear being the main driver for growth, Mr. Bhopatkar said.
 
However, he noted that despite being a small contributor at present, womenswear segment is also growing at a faster pace, and they eye huge growth prospects in this segment too. 
 
The new womenswear outlets to be launched in metros would mainly focus on premium fashion, he added.
 
The womenswear segment, accounting for around 8-10 percent of the company’s total sales, is expected to post a 30-40 percent growth during the current fiscal. Meanwhile, the accessories segment, which includes footwear and belts, is likely to grow by around 50-60 percent, he added.
 
At present, the company operates 200 exclusive Van Heusen outlets and seven womeswear outlets pan India, and the company is set to launch its first exclusive accessories outlet in Cochin in July this year.
 

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 20th May 2022

World economy projected to grow by 3.1% in 2022: UN

The world economy is projected to grow by 3.1 per cent in 2022,...

Pic: Shutterstock

Textiles | On 20th May 2022

85% of clothes, textiles in US dumped in landfill or incinerator: NIST

Only about 15 per cent of used clothes and other textiles in the...

Pic: Shutterstock

Textiles | On 20th May 2022

Lowering logistics costs key to Vietnam’s export competitiveness

Reducing logistics costs is crucial to raising competitiveness of...

Interviews View All

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Sustainable and eco-friendly fibres remain in the minority

Textile Industry, Head honchos

Textile Industry
Head honchos

Led by MMF, Indian apparel exports likely to double in next 3 years

Textile Industry, Head honchos

Textile Industry
Head honchos

Ensured payment of fee was least concern for students

Richard Armitage,

Richard Armitage

Adaptive Control automates, controls and monitors machines, systems and...

Melissa McDermott,

Melissa McDermott

<span style="font-size: 12px;">Blue Bite was created to deliver the best...

C Maennich,

C Maennich

Trützschler, one of the world's leading textile machinery manufacturers,...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Shlomzion Chen, Seevix

Shlomzion Chen
Seevix

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Silverio Baranzano, Fitesa

Silverio Baranzano
Fitesa

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Ritu Kumar, Label - Ritu Kumar

Ritu Kumar
Label - Ritu Kumar

<b>Ritu Kumar</b> is the most respected designerwear brand in India...

Manish Malhotra, Label Manish Malhotra

Manish Malhotra
Label Manish Malhotra

A multitalented designer and founder of an eponymous label, Manish...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

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

ESTEEMED CLIENTS

Desigual - ABASIC, S.A.
Recron Polyester from Reliance Industries Limited
International Sourcing Expo Australia
Datatex Consulting Srl
GERBER TECHNOLOGY LTD.
Thermore (Far East) Ltd.
Karl Mayer Textilmaschinenfabrik GmbH
Dow Silicones Corporation
Indofil Industries Limited - Specialty & Performance Chemicals Division
Cat Tuong Real Estate Group Joint Stock Company
K AND D ITMACH EXPOSITIONS LLP
IDH – The Sustainable Trade Initiative
John Varvatos
Esprit Europe Services GmbH
EMBEE CORPORATION
Zünd Systemtechnik AG
Indo Tex
Marzoli Machines Textile s.r.l.
FESPA (Reigate)
Varner AS Retail
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
COTTON COUNCIL INTERNATIONAL
China World International Exhibition Company Limited
Boardriders Asia Sourcing Limited
Midas Clothing Limited
Inter Expo Center Ltd.
Abit
Savio Macchine Tessili S.P.A.
Seasalt Limited
Lacoste (Wanchai)
H;&M Hennes ;& Mauritz (Far East) Ltd
Loris Bellini S.r.l.
Lululemon Athletica Inc
SYNERGIES HONG KONG LIMITED
EUROVET ASIA LTD
Comasia Limited
Calvin Klein
Taiwan Textile Federation (TTF)
Officina Meccanica Dora Enrico Srl
Palexpo SA
Brandix Lanka Limited
The LYCRA Company Singapore  Pte. Ltd
DyStar India Pvt. Ltd
Bluesign Technologies Ag
Splash
BIANCA
Colours India Inc
BTC Textiles LLC
Guess Europe Sagl,
Brückner Trockentechnik GmbH & Co. KG
ZAITEX spa
Xtema - Thomas Lebherz Textilmaschinen
GIOVANNI BOZZETTO S.p.A.
USTER
BTSR International S.P.A.
TESCO INTERNATIONAL SOURCING LIMITED
Color Service s.r.l.
N9 World Technologies Private Limited
JES MEDIA, INC
Saurer Textile Solutions Pvt. Ltd.
NITI Aayog
Shanghai  Aige Exhibition Service Co., Ltd
OVS Hong Kong Sourcing Ltd.
Permoda(Koaj/Armi/Pronto/Bkul)
Centric Software
Babyshop
Nihalani Events Management
Mesdan SPA
Tory Burch Hong Kong Ltd
Benetton Group
TÜYAP IHTISAS FUARLARI A.S.
Lifestyle
THE BOMBAY DYEING ;& MFG.CO. LTD
Datacolor AG Europe
Flainox S.r.l.
G-Star Raw C.V.
Eastman Chemical Company
VNU Exhibitions Asia
Truetzschler India Private Limited
Decathlon
Lisa S.P.A.
Green Fibre
Restoque S.A.
Itema Weaving (India) Private Limited
Performance Days
Alison Hayes Romania
Tommy Hilfiger
DuPont de Nemours, Inc.,
Haelixa AG
Rosset ;& Cia Limited
Gokaldas Exports Limited
C;&A Sourcing International Ltd
Woolmark Services India Pvt. Ltd.
Messe Frankfurt Exhibition GmbH
Aramark Uniform ;& Career Apparel, LLC
IKEA of Sweden AB
Tradewind International Servicing
Walmart
Infor (Hong Kong) Limited
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
BRINKMANN GMBH
Istanbul Fuarcilik A.S.
Chori Company Limited
Aleph Srl
Reiter India Private Limited
ITMA Services Pte Ltd
TEXVALLEY MARKET LIMITED
Newtech Textile Technology Development (Shanghai) Company Limited
Gloria Jeans
Mayer & Cie. GmbH & Co. KG
Gatsby Africa
Meera Dyestuff Industries
Nandan Denim Limited
Phong Phu international JSC (PPJ)
Rieter India Private Limited
FULGAR SpA
APLF Limited
Sainsbury's Argos Asia Limited
Recron Polyester from Reliance Industries Limited
Etam Group Strategy Hong Kong Limited
J ;& P Coats
Alix Partners
Thai Trade Center
H. Stoll AG & Company KG
NV Michel Van de Wiele
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Sateri (Jiujiang) Fiber Co.,Ltd
UBM China (Shanghai)
Landmark Group
Jindal Worldwide Limited
Stahl Holdings B.V.,
Copenhagen Fashion Summit
Grasim Industries Limited
Lottmann Communications
Target Corporation (MN)
Huntsman (Singapore) Pte Ltd
X-Rite Asia Pacific Limited (HK)
Italian Trade Commission
Gap International Sourcing Limited
Groz-Beckert KG
Groz-Beckert East Asia LLP
Hirdaramani International Export Private Limited
Shima Seiki Mfg. Ltd.
IIGM Private Limited
International Textile Manufacturers Federation
Hela Clothing Pvt Ltd
Lenzing Aktiengesellschaft - India
Eurofins BLC Leather Technology Centre Ltd
Rayonese Textile Inc., Division de Culp Inc.
Helly Hansen Far East Ltd
Zydex Industries
Page Industries Limited (Bangalore)
TESTEX AG, Swiss Textile Testing Institute
Lenzing Aktiengesellschaft
PVH Corporation
G.A.S. unternehmenskommunikation gmbh
Sportswear Company Spa
Kornit Digital Asia Pacific Ltd
The Top Form Brassiere Manufacturing Company Limited
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Arvind Limited
IFF Media Ag - International Media Services
CGS Inc.
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Asos
Applied DNA Sciences Inc
Chico’ FAS
Amazon China
Jiangsu Yingyang Nonwoven Machinery Company Limited
Vianney Textil Hogar S.A. De C.V.
Lectra Technologies India Pvt Ltd.
MAS Active / MAS Kreeda / MAS Bodyline
Aquarelle Clothing Limited
BIMBA ;& LOLA SL
EPCH
Under Armour Global Sourcing Ltd
Vardhman Textile Ltd
Pt. Peraga Nusantara Jaya Sakti
Maceton Limited
Kern – Liebers Textile
Thai Acrylic Fibre Company Limited
LC Waikiki
Bluestem Global Sourcing Limited
Tuyap Tum Fuarcilik Yapim A.S.
The LYCRA Company Singapore  Pte. Ltd
Tchibo GmbH
CSGIA(China Screen Printing & Graphic Imaging Association)
KIABI
T.T. Limited
Puma
Sportmaster Ltd.
Messe Duesseldorf
Coats Digital Limited
KAS Direct Sourcing
GHCL LIMITED
SHAHI Exports Pvt Ltd
Weitmann & Konrad GmbH & Co. KG
Equinox Impex India

May 2022

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


Advanced Search