Levi’s, Benetton Among Brands Expanding India Retail Footprint

Levi’s new global brand ambassador, Deepika Padukone. Levi Strauss & Co.

Large domestic and international fashion retailers are ramping up India expansion plans, after pressing pause on store openings over the past year due to the pandemic, according to reports in local business title, Mint.

Benetton India is targeting 30 to 40 new stores across the country this year, in markets such as Gangtok, Ranchi and Delhi. In pre-Covid years, the brand usually opened between 25 to 30 new stores in India annually.

Levi’s meanwhile, began opening new stores towards the end of 2020 and found it has been able to move into prime locations with better rental terms as retailers harder hit by the pandemic moved out.

“Everybody is out covering tier-two and three markets, which performed well for them. Tier-one is yet to reach full recovery,” said Shubhranshu Pani, managing director of retail services for JLL India.

Credit: Source link


Please enter your comment!
Please enter your name here




Fashionable Khakis You Can Wear Now Through Spring

Many trends came out of the Spring 2021 season. From fancy overlays to a variety of vests, but perhaps the most pervasive is...

Idris Elba and wife Sabrina Sign Deal with Anime Studio Crunchyroll to Produce Futuristic Sci-Fi Series

0 (Image: Twitter) Idris and Sabrina Elba are entering the world of anime! The Elbas have signed a deal with Crunchyroll to develop an anime...

Delonte West Now Works at the Florida Rehab Center He Attended

The trials and tribulations of former NBA player Delonte West may have a happy ending! On Twitter this week, The Athletic‘s Shams Charania...

ServiceNow Launches $100 Million Fund To Increase Lending to Black Homeowners and Entrepreneurs

Hoping to create and fuel Black wealth, computer cloud service provider ServiceNow is launching a $100 million fund to boost lending for homeownership, entrepreneurship,...