Cantabil plans 100 new outlets within a year
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Indian clothing label Cantabil is making plans to extend its reach across the country by opening more than 100 new outlets within one year.
The firm currently operates 290 outlets in 16 states within the territory, mostly in tier I and II cities. It plans to invest US$3.5 million to expand its number of locations to 400.
“This year has been a positive one and we are hopeful to continue with the same growth momentum in the coming year,” said Cantabil director Deepak Bansal.
“There is a significant increase in awareness about the fashion trend among the people in smaller towns and cities. We see immense potential in tier II and III markets for expansion.”
“Our target states are Maharashtra, Gujarat, Rajasthan, UP, Madhya Pradesh, Bihar, Jharkhand, West Bengal and part of Northeast,” read a statement from the firm.
Questions & Answers
Q.How many new outlets does Cantabil plan to open?
How many new outlets does Cantabil plan to open?
Cantabil plans to open more than 100 new outlets within one year. This expansion will increase their total number of locations to 400 across India. The firm aims to reach new markets, particularly in smaller towns and cities.
Q.What is Cantabil's current presence in India?
What is Cantabil's current presence in India?
The firm currently operates 290 outlets. These stores are located in 16 states within India, primarily in tier I and II cities. Cantabil is looking to expand beyond these established markets.
Q.Which specific regions are targeted for Cantabil's expansion?
Which specific regions are targeted for Cantabil's expansion?
Cantabil is targeting Maharashtra, Gujarat, Rajasthan, UP, Madhya Pradesh, Bihar, Jharkhand, West Bengal, and parts of the Northeast. They see significant potential in tier II and III markets within these states for their new outlets.
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