Spykar denim plans 250 new stores
In this article (5)
Spykar, an Indian-founded denim brand, is planning to open 250 stores over the next five years under a franchise program.
According to Franchise India, Spykar currently operates 200 exclusive brand outlets across India targeting the youth market.
Meanwhile, the company is also exploring opportunities for international expansion.
Spykar COO Sanjay Vakharia told Franchise India the brand has operated stores in London and Melbourne, Australia, for three years.
“The experience gained during these overseas ventures is invaluable and will help us for future propositions. We will explore more global markets.”
Grounded in denim, the brand has expanded into casual clothing including t-shirts, shirts and winter clothing. Womenswear and accessories are likely to be added to the portfolio “in the near future”.
Under its Indian franchising program, the brand will open new stores at a rate of about one a week, focusing on tier 1, 2 and 3 cities: Noida, Kolkata, Pune, Mumbai, Jamshedpur, Indore, Calicut, Kota, Bangalore, Hubli, Coimbatore, Vadodara, Lucknow, Ghaziabad, Ranchi, Jaipur, Alwar, Udaipur, Jalgaon, Chandrapur, Satara, Trivandrum, Thrissur, Kottayam, Kannur, Vizag, Vijaywada, Guntur, Nellore, Rajahmundry, Tirupati, Kakinada, Chennai, Madurai, Bilaspur, Ahmedabad and Hyderabad.
Questions & Answers
Q.How many stores does Spykar plan to open and over what timeframe?
How many stores does Spykar plan to open and over what timeframe?
Spykar intends to open 250 new stores within the next five years. These new outlets will be established under a franchise program, adding to their current 200 exclusive brand outlets across India.
Q.Where does Spykar currently operate its exclusive brand outlets?
Where does Spykar currently operate its exclusive brand outlets?
Spykar currently operates 200 exclusive brand outlets throughout India. These stores specifically target the youth market with their denim and casual clothing offerings, alongside future plans for womenswear and accessories.
Q.What product categories does Spykar currently offer, and what are their plans for expansion?
What product categories does Spykar currently offer, and what are their plans for expansion?
Grounded in denim, Spykar has expanded its range to include casual clothing like t-shirts, shirts, and winter clothing. The brand plans to add womenswear and accessories to its portfolio in the near future.
Q.Has Spykar had any prior international retail experience?
Has Spykar had any prior international retail experience?
Yes, Spykar previously operated stores in London and Melbourne, Australia, for three years. The brand's COO stated that the experience gained from these ventures will be valuable for future international propositions.
Reader pulse
Is Spykar's 250-store franchise plan achievable?
20,715 votes so far