Fashion
The Indian business of Van Heusen is planning a network of stores targeting solely women.
Van Heusen, owned by Madura Fashion & Lifestyle, also plans to focus on repositioning its essentially denim-based youth fashion range Vdot.
Brand head Vinay A Bhopatkar says the company will open up to 25 stores annually exclusively for women. It also plans another 50 stores annually for its menswear collection as it moves to target tier 2 and 3 cities, currently underserved and home to people with growing spending power.
The company says womenswear accounts for about 10 per cent of its sales now but is the fastest growing segment of its business and projects it to grow by 50 per cent in the next three to four years.
The Vdot retail network will also be expanded by 15-20 stores annually from the current network of 10. Currently a clubwear brand, the Vdot range will be expanded to provide clothing for more casual occasions as well.
Van Heusen’s clothing is sold through about 2000 points of sale, including 250 exclusive stores and 200 department stores.
