18 February 2023, Mumbai
Cantabil has opened five new exclusive brand outlets. These are in Jammu & Kashmir, Punjab, Maharashtra, and Uttar Pradesh.
The apparel manufacturer and retailer intend to make significant investments on expansion this year with a focus on Tier II and III cities since there is a significant increase in awareness about fashion trends among people in smaller towns and cities.
Going forward, the company founded in 1989 plans to open stores in West Bengal, Bihar, Jharkhand, Bihar, Gujarat, Uttar Pradesh, Madhya Pradesh, and several of the north-eastern states.
Cantabil retails through its offline stores and marketplaces like Myntra, Ajio, Flipkart, Amazon, among others. Cantabil is focusing heavily on providing the best-in-class shopping experience both in-store and online. The all-new Cantabil stores represent the future of retail experience for its customers, as they offer a full range of formalwear, partywear, wedding collections, casuals, and ultracasual clothing for men, women, and children in the middle to upper-income brackets under one roof.
Revenues from same stores have played an instrumental role in delivering the desired growth in financial performance. Apart from this, the addition of new stores has also significantly contributed towards superior performance and provides an expanding platform to support the company’s strategic growth objectives.
