French apparel retailer to expand in India

French apparel retailer to expand in India
PTI
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First Published: Thu, Jun 25 2009. 12 35 PM IST
Updated: Thu, Jun 25 2009. 12 35 PM IST
New Delhi: Zudaas France, manufacturer and retailer of kids fashionwear and apparel, plans to have 250 outlets across India in this fiscal and aims to become a Rs200-crore company by 2010-11.
“This is the best time to expand our retail network as real estate prices are down and the estimated Rs12,000-crore Indian kidswear market is growing annually at 15%. We are scaling up our operation pan-India and plan to have 200 stores by March 2010 (in the kidswear segment),” Zudaas France MD Hitesh Mehta said.
At present, the company has 57 stores in the country. It is diversifying into exclusive men’s and women’s wear and of their newly planned outlets 50 will be ‘Zudaas Family´ stores, which would be launched soon.
He said most of the outlets would be franchise-operated and the company is looking at both metros, and Tier I and II cities and the stores will be in the size of 250-800 sq ft.
“Our first family store will open in July in Delhi and the target is to have 50 Zudaas Family stores by the end of this fiscal,” Mehta added.
The company is looking at an average revenue of Rs7 lakh per month from each store once the expansion is over. “Our target is to achieve a turnover of Rs210 crore by 2010-11,” Mehta said.
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First Published: Thu, Jun 25 2009. 12 35 PM IST