Last updated : May 23, 2023 5:00 pm
The company plans to open 40 stores this year 500 stores in the next 3 years with the expansion focused on tier 2 cities across Rajasthan, Uttar Pradesh, and Uttarakhand.
Indian clothing brand Kottail Milano has announced that it is gearing up to expand retail footprint across the country by opening 40 exclusive stores in 2023. The primary focus of the expansion will be tier 2 cities in northern Indian states like Rajasthan, Uttar Pradesh, and Uttarakhand.
The New Delhi-based brand has already established its presence in Delhi NCR, Rajasthan, Haryana, Punjab, Uttar Pradesh, Madhya Pradesh, Chhattisgarh, Bihar, Jammu & Kashmir, Uttarakhand and Jharkhand. In April & May 2023, Kottail Milano also opened new stores in Haldwani (Uttarakhand), Shamli (Uttar Pradesh), Jewar (Uttar Pradesh), Faridkot (Punjab), Neemuch (Madhya Pradesh), and Narela (New Delhi).
The company says that in the last 7 years since it was founded, it has opened 100+ brand outlets, while attaining a turnover of INR 50 crore. The clothing brand is also projected to generate a revenue worth INR 100 crore for FY 2023-24, it adds. The new retail expansion plan targeted across tier 2 cities, is expected to help stamp its mark in the country even further.
Mayank Bansal, Director at Kottail Milano, said, “We, at Kottail Milano, are very excited by the prospect of opening a total of around 50 new stores as part of our expansion policy. We have witnessed a tremendous level of traction in tier 2 cities and the planned retail expansion will be an important milestone in our objective of opening 500 stores in the next 3 years. The latest step will also help us navigate our way into newer categories like womenswear, kidswear, activewear, and footwear.”
Kottail Milano brings the latest fashion trends at unbeatable prices without ever compromising on quality. Their products range across casual wear, and formal wear, as well as an extensive collection that offers something for every taste and occasion. The New Delhi-based clothing brand is one that puts great emphasis on style and comfort in its designs, which are guaranteed to bring forth ultimate value for money.