Snitch bullish on expansion, sees offline stores contributing 30-40% to targeted GMV of Rs 600 crore.
By Retail4Growth Bureau | June 14, 2024
As a part of its aggressive expansion strategy, the brand is unveiling seven new stores across new markets including Pune, Ahmedabad and Hyderabad.
Men’s clothing brand Snitch has announced its offline retail expansion across diverse markets in the country, while entering into new markets like Pune, Ahmedabad and Hyderabad in the month of June. As a part of its aggressive expansion strategy, the brand is unveiling seven new stores across these regions.
The new store locations include Bel Road and Koramangala, Mantri Square in Bengaluru, Amanora and Trebeca in Pune, Shymal in Ahmedabad, Sarath City in Hyderabad, and Earth Euphoria in Vadodara.
Commenting on the expansion, Siddharth Dungarwal, CEO & Founder of Snitch said, "I am very excited about the opportunities that lie ahead as we expand our reach and connect with more customers across diverse Indian geographies. The strategic retail expansion underscores our commitment to deliver a seamless shopping experience and premium fashion offerings to our valued customers nationwide. "
"Our goal is to surpass 30 stores by FY24-25 and are thrilled about tapping into tier 2, 3, and 4 cities alongside tier 1 cities as we feel that fashion consciousness is rising in these regions at a strong rate," he further added.
With the ongoing aggressive offline expansion, Snitch foresees its offline stores playing a pivotal role by contributing 30-40% to the targeted Gross Merchandise Value (GMV) of 600 Crore by FY24-25.
