Home / Knowledge / News / Fashion / Ritu Wears mulls expanding store count

Ritu Wears mulls expanding store count

20
Jan '10
Ritu Wears – a lifestyle fashion brand based in Delhi is out to invest about Rs. 230 crores towards expansion pan-India over a span of four years and is planning to penetrate markets beyond North India like Indore, Jaipur and Bhopal.

Managing Director of the Company Mr. Sanjay Sahani informed the press that, the Company aims at opening 33 stores across India by 2013. He also informed that each outlet will entail an investment of around Rs 7 crores totaling approximately to Rs. 230 crores which is to flow from company's internal accrual and debt. "Last fiscal, we clocked Rs 116 crore as turnover and this year we are on way to cross the Rs 170 crore”, he added.

Company officials informed that the company at present has 10 huge outlets covering an area of 30,000 sq. ft. displaying products like apparel, footwear and home categories. It was added that the company is moving aggressively with the home collection and will also concentrate more on the toys and books section in its outlets. This will be facilitated through 2-3 times more allocation of space for these products which currently is around 1,000 sq. ft.

Mr. Sahani said that they look forward at maintaining the balance between their private labels and other brands like Van Heusen and Color Plus that are sold in Ritu Wear outlets while at the same time also display the collections of major foreign and domestic brands. The discussions with brands like Tommy Hilfiger and Esprit are on to convince them to set up shop in these outlets, he added. He was positive about opening such shop-in-shops, by the next season.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 21st Feb 2020

France unveils environment score system for apparel

France has launched a system under which apparel may now display a...

Pic: Shutterstock

Textiles | On 21st Feb 2020

Indian textiles ministry to back small-scale firms

The Indian textiles ministry will contact small-scale manufacturers...

Pic: Shutterstock

Textiles | On 21st Feb 2020

India overtakes UK, France to be 5th largest world economy

India is now the fifth-largest world economy in 2019 with a gross...

Interviews View All

Software Firms, Head honchos

Software Firms
Head honchos

AI / robotics may challenge existing long value chains

Sachin Sharma, Gem Enviro Management Pvt Ltd

Sachin Sharma
Gem Enviro Management Pvt Ltd

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

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

Textile industry would like to see inclusion of cotton yarn under MEIS and ...

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries is into manufacturing of textile process house machines, ...

Madhu Sudhan Bhageria,

Madhu Sudhan Bhageria

Incorporated in August 1990, Filatex India Ltd manufactures manmade...

Luciano Sardini,

Luciano Sardini

A consolidated reality in Italy and internationally, IMA Spa is well-known ...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

EDANA, the international association serving the nonwovens and related...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

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

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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