Recently, India’s Future Group’s retail brands Brand, Factory announced that it will expand the retail business, plans to open stores in the next 12 to 14 months, the international metropolis of India and the second and third tier cities, and its Brand Factory number of stores from the current 18home increased to 35. Area of all new stores will 35000-40000 ft2.
It is reported that Brand, the Factory’s first store in Bangalore, India, stores the target consumer group for young people 18 to 25 years old. The Group has been the delineation of Tamil Nadu, Kerala part of the second and third tier cities and towns as the next batch of stores to open locations, including second-tier cities in Coimbatore, Madurai and Mysore. In addition, the Group will further expand the number of stores in Hyderabad, Pune, Bangalore, Calcutta and Ahmedabad. The current group in Aurangabad and Nagpur Brand, the Factory stores.
Brand, Factory is a famous brand discount retailer, which sells branded apparel footwear and accessories, discounts in the range of 20% to 50%. The number of brand stores to provide between 190-200, including 120 apparel brands. Brand, the Factory stores weekly traffic of about 25 million people, traffic growth of 20%. Its stores annual income of about 40 billion rupees is expected that its revenue is expected to double in the next few years.