31 July 2023, Mumbai
Cantabil Retail, a renowned apparel brand, plans to expand into footwear and athleisure with 5 exclusive outlets by September.
To Expand the Product Range
It will also introduce 12 Exclusive Brand Outlets offering women's and kids' apparel and accessories.
Expand footprints
The ambitious growth strategy includes overwhelmingly opening 80 new stores in tier II and III cities, with 12 dedicated to women's and kids' products and 5 to footwear and athleisure.
Growth Plans
Cantabil will invest Rs 25-80 crore for these stores, having already piloted the new categories in 30 existing stores. Currently, 25% of stores are in tier-I cities, but the brand aims to enter 40 new cities this fiscal year.
Cantabil's revenue for the previous year was Rs 550 crore and expects Rs 675 crore this fiscal year. It strives to increase its online revenue contribution to 6%.
