Store opening in the apparel segment is happening frequently now! Besides established retail giants, even medium-level companies are now on the same road to launch new stores.
In one such latest move, Ahmedabad-based 7NR Retail Limited has expressed its plans to achieve the target of opening 10 stores by Diwali 2022. All these stores will run on COCO (company-owned company operated) model.
In a regulatory filing, the company informed that it is planning to start two stores for fabrics and garments (within 2 months) of approximately 5,000 sq. ft. These stores will be exclusive for different domestic and international brands’ garments.
The company mainly deals in the business of apparel trading in the wholesale and retail segments.
As per the annual report of the company, it strives to focus on maintaining and reinforcing the image of its existing exclusive brand outlets (EBOs) under the brand name of Gini & Jony.
Notably, the company has also started the business of suiting and shirting.
Also Read: Store opening by Indian retailers continues
