The largest ethnic wear retail apparel brand, ‘Fabindia’ will open a whopping 10,000 square feet store in New Delhi on March 2017. It will have, among other things, a wellness centre, cafe, alteration unit, and a kids’ zone. If this proves to be a success, the plan is to open 40 such stores across the country in 18 months.
The company has 232 retail stores across 88 cities in India. In financial year 2017 the plan is to open 32 new stores. For financial year 2018, the idea is to open between 60 and 80 stores. A large part of the rollout will be through the franchise model. The brand is present in Singapore, Dubai, Italy, Nepal, Malaysia, Mauritius and the US.
Fabindia is looking to close the year with a revenue run Rs.100 crore a month. It hopes to grow its monthly revenues by 178 per cent over next four to five years. The retailer links 55,000 rural artisans to modern retail stores through its signature hand-printed and hand-woven fabrics.
Apparel and Textile News, Apparel Talk, Indian Apparel
