Xsis Promotions India has launched its third sports-gear retail store – SPORTXS – in India. Located at Gulmohar Park Mall in Ahmedabad, the 4,500-sq.ft store is the brand’s first outlet in the city. The brand’s other two outlets are in Bangalore.
Monica Laliwala, MD, Xsis Promotions India Pvt Ltd, says, “Ahmedabad has many high net worth individuals and the city is witnessing a change in lifestyle of its people. We are, thus, expecting a very good response for SPORTXS.”
The three-store-strong brand now plans to add more stores. Laliwala says, “We are planning to open seven stores in Chennai, Mangalore, Mysore, Pune and Bangalore. Each store will envisage an average investment of Rs.1.4 crore.”
In the ongoing fiscal, Xsis plans to invest approximately Rs.7.5 crore in setting up new stores.