Leading watchmaker Titan Industries Limited today announced to invest about Rs 100 crore for opening 50 premium watch outlets Helios in next five years to attain a sales target of Rs 400 crore.
"We have plans to open 50 outlets of Helios, which may involve an investment of close to Rs 100 crore in next five years," Company's Vice President (Retail) Ajoy Chawla told reporters after unveiling firm's second such outlet here.
In the first phase, the company will open 15 stores in top 10 cities within a year in line with its plans to have pan-India presence. "We are looking to open Helios outlets in Mumbai, Delhi, Hyderabad, Kolkata, Chennai, Pune, Ahmedabad etc in next 12 months," he said.
Titan Industries had come up with its first Helios store in Bangalore one and a half years back.
Although, Chawla refused to share details of revenue collected from the premium watch stores at present, he said the company targets sales of Rs 400 crore in a span of five years.
Stating that the company would also explore options of opening stores through the franchise route, Chawla said it would like to have outlets of size ranging between 1,500 square feet to 2,000 square feet.
The size of the premium watch (starting from minimum Rs 5,000) market is around Rs 500 crore and has the potential to grow further, he said.
"Last year, the market for premium and luxury watches took a hit due to slowdown. But this market has the potential to grow 30 per cent per annum in next five years in view of the growing purchasing power of people, who are highly brand conscious," he asserted.
Helios houses 34 fashion and premium global watch brands including Emporio Armani, Burberry, FCUK, Movadao, Fossil, Guess, Casio, Seiko, Titan etc.
Titan Industries is a joint venture between Tata Group and Tamil Nadu Industrial Development Corporation.
Source:Press Trust of India / Chandigarh June 22, 2010, 18:03 IST
Tags:Helios Franchise, Titan, Ajoy Chawla, Helios Outlets, franchise route,premium watch franchise, luxury watch franchise, global watch brands,Titan Franchise,Best Franchise, Latest Franchise.
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Showing posts with label franchise route. Show all posts
Showing posts with label franchise route. Show all posts
Thursday, June 24, 2010
Thursday, June 10, 2010
Mother Dairy Plans Franchised, "Gaurav Stores," Retail Outlets Across India
Mother Dairy, one of the country’s largest milk processors, plans to roll out a chain of exclusive retail outlets, named ‘Gaurav Stores’, to market the entire range of its products across India.
According to company sources, it has planned to launch 350 exclusive stores in New Delhi and 200 retail outlets in Mumbai in the first phase, to be expanded later in all major cities.
The company owns a network of booths in Delhi to market the dairy products. The new concept has been introduced to create a better brand and street visibility, to consolidate its position in the wake of growing competition.
According to Sanjay Sinha, Head (Milk and Dairy Products Business) of Mother Dairy Fruit and Vegetable Ltd, the entire retail operation would be conducted through the franchise route.
He said the first phase should be implemented by the year-end and the final course of action for phase two would be decided after the completion of phase one. The products would be available at the multi-brand retail chains and standalone kirana stores, too, but the ‘Gaurav Stores’ would be a one-stop shop for all Mother Dairy products.
Purnendu Kumar of Technopak, a prominent retail consultancy firm, is of the view that the foray of large companies such as Reliance Retail and Birla Retail, and that of local progressive dairy farmers’ unions in various pockets who, with the assistance of nationalised banks are mulling to set up retail outlets, might be the cause of concern for players like Mother Dairy to take prior initiatives to strengthen presence in the growing market.
Mother Dairy registered year-on-year growth of 30 per cent on product business and 10 per cent growth of milk business last year. The new branding initiatives are a must to face the stiff competition, said Kumar.
He said it processed 3.2 million litres of milk every day and had sufficient capacities to meet the demand for the next few years.
Ice-cream of importance
Mother Dairy also has seven ice-cream plants and nine milk processing plants in Delhi and two milk processing units in Andhra Pradesh. They are associated with over 100,000 farmers in Uttar Pradesh and Andhra Pradesh, whom they provide extension services to get the required quality of milk, he said.
“Ice-cream sales contribute substantially to our business, only followed by milk, so there is a major focus to experiment regularly to retain and increase the market share,” he added.
Source:Business Standard,Komal Amit Gera / Chandigarh June 10, 2010, 0:10 IST
Tags:Milk Franchise, Mother Dairy, Ice-Cream Franchise,Gaurav Stores, franchise route,retail consultancy firm, coffee retail outlets, increase market share franchise, milk stores franchise,
According to company sources, it has planned to launch 350 exclusive stores in New Delhi and 200 retail outlets in Mumbai in the first phase, to be expanded later in all major cities.
The company owns a network of booths in Delhi to market the dairy products. The new concept has been introduced to create a better brand and street visibility, to consolidate its position in the wake of growing competition.
According to Sanjay Sinha, Head (Milk and Dairy Products Business) of Mother Dairy Fruit and Vegetable Ltd, the entire retail operation would be conducted through the franchise route.
He said the first phase should be implemented by the year-end and the final course of action for phase two would be decided after the completion of phase one. The products would be available at the multi-brand retail chains and standalone kirana stores, too, but the ‘Gaurav Stores’ would be a one-stop shop for all Mother Dairy products.
Purnendu Kumar of Technopak, a prominent retail consultancy firm, is of the view that the foray of large companies such as Reliance Retail and Birla Retail, and that of local progressive dairy farmers’ unions in various pockets who, with the assistance of nationalised banks are mulling to set up retail outlets, might be the cause of concern for players like Mother Dairy to take prior initiatives to strengthen presence in the growing market.
Mother Dairy registered year-on-year growth of 30 per cent on product business and 10 per cent growth of milk business last year. The new branding initiatives are a must to face the stiff competition, said Kumar.
He said it processed 3.2 million litres of milk every day and had sufficient capacities to meet the demand for the next few years.
Ice-cream of importance
Mother Dairy also has seven ice-cream plants and nine milk processing plants in Delhi and two milk processing units in Andhra Pradesh. They are associated with over 100,000 farmers in Uttar Pradesh and Andhra Pradesh, whom they provide extension services to get the required quality of milk, he said.
“Ice-cream sales contribute substantially to our business, only followed by milk, so there is a major focus to experiment regularly to retain and increase the market share,” he added.
Source:Business Standard,Komal Amit Gera / Chandigarh June 10, 2010, 0:10 IST
Tags:Milk Franchise, Mother Dairy, Ice-Cream Franchise,Gaurav Stores, franchise route,retail consultancy firm, coffee retail outlets, increase market share franchise, milk stores franchise,
Thursday, April 1, 2010
India Footwear Biggie M&B Plans Franchise Growth For FY 2010-2011
M&B Footwear goes the franchisee way
Thursday, 01 April 2010 07:05
M&B Footwear, the footwear retail chain, with multiple footwear franchise brands is planning to expand its retail presence through the franchise route in metros, mini metros and smaller cities and towns. Vikas Bagga, VP, marketing and corporate affairs, M&B Footwear says that, most of the franchised stores will be in north, notably Punjab and adjoining belt, and east in the first phase. Some of the outlets will be operational before the end of the first quarter of the financial year 2010-11. The endeavor is to set up moderate to mid-sized walk-in M&B stores, spread over 500-1,000 sq. ft. of carpet area, in premium malls and high street locations. Bagga also says that, the property lease for nine years would have to be directly secured by the franchisee else the franchisee could offer and operate out of their wholly-owned premises. The franchisee will have to invest close to Rs 10 to 15 lakh on fixtures and fittings and Rs 20 to 25 lakh in stock inventory.
The retail chain’s franchise route is being perceived as futuristic as it would ensure it franchise expansion plan. M&B plans to set up 15-20 walk-in outlets. The brand offers an array of distinctive international and national lifestyle footwear brands including Lee Cooper, Geox, ID, Provogue, Merrell and Firangi. Currently, it has 41 exclusive concept stores, located in premium malls and high streets, 97 shop-in-shops with large format stores such as Westside, Pantaloons, Shoppers Stop and Central and 62 factory showrooms in India.
Thursday, 01 April 2010 07:05
M&B Footwear, the footwear retail chain, with multiple footwear franchise brands is planning to expand its retail presence through the franchise route in metros, mini metros and smaller cities and towns. Vikas Bagga, VP, marketing and corporate affairs, M&B Footwear says that, most of the franchised stores will be in north, notably Punjab and adjoining belt, and east in the first phase. Some of the outlets will be operational before the end of the first quarter of the financial year 2010-11. The endeavor is to set up moderate to mid-sized walk-in M&B stores, spread over 500-1,000 sq. ft. of carpet area, in premium malls and high street locations. Bagga also says that, the property lease for nine years would have to be directly secured by the franchisee else the franchisee could offer and operate out of their wholly-owned premises. The franchisee will have to invest close to Rs 10 to 15 lakh on fixtures and fittings and Rs 20 to 25 lakh in stock inventory.
The retail chain’s franchise route is being perceived as futuristic as it would ensure it franchise expansion plan. M&B plans to set up 15-20 walk-in outlets. The brand offers an array of distinctive international and national lifestyle footwear brands including Lee Cooper, Geox, ID, Provogue, Merrell and Firangi. Currently, it has 41 exclusive concept stores, located in premium malls and high streets, 97 shop-in-shops with large format stores such as Westside, Pantaloons, Shoppers Stop and Central and 62 factory showrooms in India.
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