.Dubai-based Clothing Team, which began its own quest in 1996 in Dubai as well as expanded its visibility to India in 2001, is planning to wager major on the Indian market. It is targeting to open up 750 new stores in the next 3 years, Nilesh Ved, founder, Apparel Group said to ETRetail in a special interaction.At found, the firm shows off 85 companies and 2,200 shops all over 14 countries. It currently works 17 brand names and also 250 shops in 38 cities of India." We view the scope of growth for each of our brands like Shower & Body Works, Aldo, Crocs, and also Tim Hortons to name a few," he said.At found, the group operates 33 establishments of Tim Hortons and intends to take the overall retail store count to 250. It intends to extend Aldo coming from 69 shops to 150, R&B coming from 35 retail stores to 200, as well as include 200 more stores of Crocs." Over the upcoming 6 months, our experts likewise consider to present 2 brand-new F&B labels in India - Sushi Collection and also Allo Beirut," he stated." We are actually constantly on the lookout for the voids in the sector be it value retail, or international labels in vogue and shoes," he additionally added.Currently, India contributes 10 per-cent of the earnings of the general team which is actually valued at $2.2 billion as well as the provider prepares to take India's share to 25 per-cent in the next three years." Presently, shoes, charm, F&B, and also market value portion are actually the best-performing categories for our company right here in India," he asserted.For R&B, the provider sources 100 per-cent of the fresh products from India for India outlets as well as 60 per-cent for the retail stores in the Gulf." Currently, we are actually sourcing the majority of our basic materials for the label Aldo from India, and in a year's opportunity, we will also begin exporting it to various other nations around the world," he ended.
Released On Aug 31, 2024 at 01:32 PM IST.
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