Garment Mantra Lifestyle Ltd. targets 110 new store openings in the coming year
By Retail4Growth Team | Retail4Growth Team | January 12, 2021
The company along with Value Retailing arm; Twenty Twenty Trading LLP “Price Mantra” plans to open 110 stores in near future to expand market reach and fulfil brand aspiration of every Indian.
A sustainable and eco-friendly lifestyle brand, Garment Mantra Lifestyle Ltd. has announced to open new outlets for Twenty Twenty Trading LLP “Price Mantra”. With an aim to fulfil the demands of every Indian, Garment Mantra has opened up a unique and niche branded retail model, ‘Price Mantra’ stores in different cities and targets to introduce 110 new stores in the coming year.
Prem Aggarwal, Chairman and Managing Director, Garment Mantra, stated,”We at Garment Mantra are delighted to update our stakeholders about this strategic plan for our Value Retailing arm – Twenty Twenty Trading LLP “Price Mantra”. We have already opened 7 stores and we endeavour to become a pan India player by opening 110 stores in near future to expand our market reach and fulfilling brand aspiration of every Indian. With the reconstruction of the group structures, we are confident to derive substantial benefits from the recent acquisitions and marked improved performance going forward.”
Garment Mantra began services in 2005 and has 7 successful stores in the country; out which 5 are in Tirupur, 1 in Coimbatore and 1 in Delhi. The company that operates on franchisee based models and own stores, plans to reach more cities through massive expansion.