Home / Knowledge / News / Apparel/Garments / Women's apparel distributor shifts into high growth mode

Women's apparel distributor shifts into high growth mode

14
Apr '08
OmniaLuo Inc a China-based company engaged in the business of designing, developing, marketing and distributing fine women's apparel under the brand name OMNIALUO, announced that it has opened a record 24 retail stores in March the single most successful month in terms of stores openings in OmniaLuo's operating history.

March's additional stores brings the total new store count for the first quarter up to 27; with a 2008 goal of 66 new stores in total, this record month puts the Company well ahead of its anticipated pace with nine months yet to go.

The absolute growth was also strategically directed to maximize store level net profit margins; of the 24 new stores, OmniaLuo opened 2 co-owned stores and 22 independent distributors.

The two types of stores typically achieve net profit margins of 40%-50% and 50%-55%, respectively. In contrast, company-owned stores typically achieve net profits of 20%-40%.

"Our success in March signifies not only a new Company best a full 60% increase over our prior record of 15 stores in February of 2007 but it also serves to kickstart our growth prospects for 2008 and beyond," stated Ms. Cindy Luo, Chairwoman of OmniaLuo.

"As anticipated, our January and February results reflected the typical commercial slowdown associated with the Chinese New Year.

But our commitment to infrastructure development and high-impact marketing yielded excited results in March. These results were all the more excited because we now have the platform in place to achieve similar, consistent results going forward.

We are thus extremely optimistic about our Company's future and our ability reach 250 retail stores by year end 2008," added Ms. Luo.

OmniaLuo Inc


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 14th Jun 2021

Sri Lanka's EDB concerned over EU resolution to withdraw GSP+

Sri Lanka's Export Development Board is concerned over the resolution ...

Pic: Shutterstock

Textiles | On 14th Jun 2021

Pakistan govt proposes tax relief in budget to boost industrial growth

Pakistan's latest budget aims to reduce the input cost of many...

Pic: Shutterstock

Apparel/Garments | On 14th Jun 2021

Prime Content| Vietnam’s apparel exports expected to rise in 2021: TexPro

Apparel exports of Vietnam are expected to increase from $14.96...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchain is not a silver bullet for each and every problem in supply...

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Harleen Kaur,

Harleen Kaur

Established in 2017 and headquartered New York, the label Harleen Kaur...

Benedetta Terraneo,

Benedetta Terraneo

Miko Srl, a subsidiary of US-based Sage Automotive Interiors and a member...

Sanjay Jhunjhunwalla,

Sanjay Jhunjhunwalla

In the financial hub of eastern India, Kolkata, a humble production...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Silverio Baranzano, Fitesa

Silverio Baranzano
Fitesa

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

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha & Jigar blends India's unique handcrafts...

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 2021

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


Advanced Search