Skip to main content

The Indian Garage Co. opens new stores in Hyderabad and Kochi

The expansion is part of the brand’s larger offline growth strategy, targeting EBO sales to account for 30% of total revenue while aiming to establish 100 stores across India

Bengaluru: City-based menswear brand The Indian Garage Co. (TIGC) has expanded its presence in South India with the launch of two new stores in Hyderabad and Kochi, as part of its mission to open 10 stores in 10 weeks.

Its Hyderabad store is located at Sarath City Mall, marking its second outlet in the city after the first one in Vanasthalipuram. Covering an area of over 2,300 sq. ft., the new store attracted more than 1,000 customers on its opening day.

The brand has also made its debut in Kerala with the launch of a store at Lulu Mall in Kochi.

This expansion is part of the brand’s broader offline strategy, backed by a 20% budget allocation, with a goal for exclusive brand outlet (EBO) sales to contribute 30% of total revenue within the next 3–5 years.

“We are delighted to bring The Indian Garage Co.’s distinctive blend of fashion, innovation, and customer-centricity to Hyderabad and Kochi with its EBOs. As we expand our offline presence across India, we remain committed to redefining fashion retail while setting the stage for our entry into international markets,” said Anant Tanted, Founder & CEO of TIGC.

In addition to its flagship menswear brand, the new stores will showcase its womenswear line, FreeHand, and plus-sized fashion line, HardSoda.

Now, the brand plans to open stores in key cities like Lucknow, Pune, two new stores in Bengaluru and Kochi respectively, thereby continuing its nationwide expansion strategy.

In the long run, the company plans to launch approximately 80 to 100 stores pan India over the next three to five years, said Alka Dembla, Head of Retail at TIGC in a previous interaction.

TIGC’s products are available online via its official website, TIGC.in, as well as on major e-commerce platforms such as Myntra, Ajio, Amazon, Flipkart, Snapdeal and UAE noon. The brand also has a presence in approximately 100 Fashion Factory stores across India.

TIGC was founded in 2012 by Anant Tanted with a team of just four individuals. Today, the company has grown to approximately 400 employees. In the fiscal year 2024, the company achieved a revenue of Rs 400 crore and is now targeting Rs 600 crore by the end of FY25.

The post The Indian Garage Co. opens new stores in Hyderabad and Kochi appeared first on India Retailing.



from India Retailing https://ift.tt/9FOZM1V
via IFTTT

Comments

Popular posts from this blog

Eagle Labs launches impirica CBD brand

ST. PETERSBURG, Fla. — Eagle Labs has launched impirica, a new brand of CBD intended to eliminate consumer fear, and increase confidence, in trying the exciting new cannabidiol category. Michael Law Although most Americans have now heard about CBD, many are very confused and concerned about product quality. This is inhibiting trial in the category and holding back conversion into sales. In fact, a 2017 study by Johns Hopkins University found that two out of three CBD products on the shelf did not contain the amount of CBD reflected on the label. Furthermore, in 2018 and 2019, the FDA sent notices to a substantial number of CBD manufacturers advising them of serious concerns about product quality or egregious medical claims. The impirica brand looks different than most CBD brands — the brand name itself connotes testing and trust, says Eagle Labs chief commercial officer Michael Law. “It doesn’t use the traditional category colors of browns and greens, and you won’t find a hemp...

Sagar Daryani, CEO and Co-founder – Wow! Momo & Saga: From a Kiosk to a Kingdom

Sagar Daryani’s entrepreneurial odyssey from humble beginnings to pioneering success has redefined the landscape of food startups in India. Co-founding Wow! Momo, he has spearheaded the growth of the largest indigenous QSR chain in the country, crafting a remarkable saga of triumph The Genesis: A Visionary Venture Takes Root In 2008, armed with a mere Rs. 30,000 and boundless ambition, Sagar Daryani and Binod Homagai embarked on their entrepreneurial journey while still pursuing their graduation in B.Com Hons from St. Xavier’s College, Kolkata, even before their college results were out. They knew the value for money and boot-strapped to plough back profits and grow their venture. Sagar spearheaded brand expansion, brand creation, and marketing and retail operations. Grew across the city with a strong consumer focus. The early days were hard but keeping track of the money flow was even harder. Believing in the concept of ‘1 rupee saved is 5 rupees earned’, and the lessons they lear...

Homegrown ice cream chain HOCCO to open 250 stores, eyes Rs 400 crore by FY26

Ankit Chona, Founder and Managing Director of HOCCO, delves into the company’s revenue model, growth strategies, and vision for the future… Bengaluru: HOCCO (House of Chonas Collaborative) , the Ahmedabad-based ice cream and quick-service restaurant (QSR) chain, boasts a rich legacy spanning over 70 years, with roots tracing back to pre-independence India. The Chona family has been deeply entrenched in the food industry since 1944, originally operating in undivided Pakistan. Following the Partition, Satish Chona , an engineer with British Overseas Airways Corporation, relocated from Karachi to India. After journeying through multiple cities, he ultimately settled in Ahmedabad, where he established his first QSR outlet in 1953. Three decades later, he expanded into the casual dining segment, launching a restaurant in Baroda while continuing the family’s ice cream manufacturing business. However, in 2017, the company sold its ice cream division to a South Korean firm, shifting its fo...