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Industry Update

  • Central: Future group plans to add 14 new Central HD stores, which have a look and feel of aspirational boutique feel.
  • Shoppers Stop: Shoppers Stop added 4 new stores in 2017 and is working on 35,000 sqft format for smaller cities against the average size of 45,000 sq ft.
  • Max: Landmark group’s Max plans to operate 400 stores in 120 cities from current status of 190 stores in 75 cities.
  • GAP: Gap plans to add 40 stores by 2020.
  • H&M: H&M to setup 20 new stores with 6 to open by end of 2017.
  • Deal Jeans: The brand currently has 4 EBOs (franchised) and 10 more in pipeline. In the coming 2 years, the target set is to establish 50 exclusive stores.
  • BIBA: BIBA plans to establish 150-200 more stores over next 3 years and become a INR 1000 crore brand by 2018 to capture 3% of women’s ethnic market share.
  • Chemistry: In domestic landscape, Chemistry is already in talks with Shoppers Stop and Lifestyle. Additionally, it plans to open more EBOs in east and central India. On the international front, the brand is interested in entering Sri Lanka, Singapore and Malaysia by 2018.
  • Mohey: The brand’s aim of the company is to expand to 100 stores in coming year. Manyavar and Mohey together have 450 stores across India, USA, Bangladesh, UAE and Nepal.
  • Latin Quarters: It plans to reach 60 exclusive stores and over 200 point-of-sales in next 3 years and expand in tier 2 and 3 cities.
  • Bata: Bata plans to add 100 company-owned and 30 franchisee-owned outlets this year. Bata started franchising in 2016 and successfully added 50 odd franchisee-owned stores till mid of 2017.
  • Metro: Metro, which achieved INR 13 crore in online sales in financial year 2016- 17, plans to launch 100 stores with an investment range between INR 20 and 60 lakh per store. It is planning to strengthen its hold on tier 2 and 3 cities.
  • Reebok: Reebok plans to expand its franchise network in tier 2 and 3 stores and establish new 300 outlets in the coming year.
  • Adidas: By 2020, the brand plans to open 30-40 big flagship stores. As finding premium real estate is a challenge in India, the company is in talks with its existing franchises where it will look into taking over some of their larger stores.
  • Voylla: After opening 100 company owned stores, fashion jewelleryVoylla entered in franchise business in 2017 with its first franchise store in Ludhiana. They intend to add 100 franchise stores by 2021.
  • Lenskart: With 300 odd stores, Lenskart plans to invest INR 100 crore on its business expansion including opening of 400 stores in tier 2 cities in next 2 years. Eyewear market has the challenge to provide precision and increase consumer base by leveraging technology. Lenskart is the only company in India which makes use of ‘robotic technique’ which is used to make the product that delivers micro
  • precision: glasses with 0.00 degree power error. They also have imported 100 machines from Welch Allyn, which have the potential to check the eyesight of a three-month old baby as well. This had enabled them to provide high precision products and services in a very affordable cost.
  • Titan Eye Plus: Currently operating 472 odd stores in 155+ cities, Titan Eye Plus, the largest player in eye care retail, plans to expand in tier 3 and 4 cities.
  • Hidesign: Hidesign has 74 company operated stores in India and plans to open 6 new stores in FY2018. As not many malls were coming up, the company’s expansion slowed in recent years. It also plans to expand to six new markets including Kenya, Saudi Arabia and Canada to triple the revenue by 2021.