Arvind Limited, the global textile conglomerate and leading apparel retailer, launched its first flagship store in Hyderabad. With 13 stores already operational under the new ‘Arvind Store’ concept, Arvind plans to open 120 stores in India in the current fiscal.
The new outlet, spread over 4,000 sq.ft, comes with the avant-garde design theme and a swanky look capable of enriching the garment shopping experience of the buyers. The ‘Arvind Store’ will retail all of Arvind’s premium brands namely Arrow, US Polo, Flying Machine and Izod. ‘Arvind Denim Labs’ (ADL), a bespoke denim concept will offer customised washed denim – a first of its kind in India and perhaps the world. ‘Studio Arvind’, a bespoke tailoring solution, will bring the latest fits and styles in fashion.
After the inauguration, Kulin S. Lalbhai, chief manager, Arvind Ltd, said, “The ‘Arvind Store’ is a revolutionary new concept which brings many firsts to Indian retail. Our stores so far have been very well-received and we have ambitious plans to launch our stores across the country. This year, we will be focusing to have sizable presence in 4 to 5 states. We are planning to cover entire country by the end of 2015”.
Giving details on the expansion plan, Lalbhai said, “With a plan to open 100 stores each year, the ‘Arvind Store’ format is expected to achieve revenues of Rs. 400 crores by FY13. In addition to this format, our ready-mades brand and retail business is likely to achieve revenues of around Rs. 2,000 crores by FY13. Both these businesses put together will become more than 30 per centof Arvind’s total revenues in a few years time.”
– IndiaRetailing Bureau