News: Samsonite to focus on Indian retail expansion
(TNN 20/04/2006) Chandigargh - Global travel solutions provider, Samsonite on Wednesday announced its decision to focus on retail expansion and introduced a new delux brand, 'Black Label'.
"Samsonite has already gained a dominant market share of 70 per cent plus in the premium segment it operates in, within seven years of starting its operation. The company have these two focus areas in 2006 to grow by 40 per cent," Samsonite's Vice President E P Suresh Menon told reporters here.
Samsonite plans to expand to 160 stores and 1.7 lakh square feet area from its current 132 store and 1.2 lakh square feet retail space, he said.
As a part of the expansion plan, the company has also launched "black label" that is priced between Rs 15,000 to Rs 32,000 and has opened an exclusive brand store in the city.
"Black label" is a designer luggage designed and developed at Samsonite's Nasik factory," Menon said, adding the company plans to add this product in its stores in Delhi, Mumbai, Bangalore, Hyderabad and Chennai soon.
"Samsonite has already gained a dominant market share of 70 per cent plus in the premium segment it operates in, within seven years of starting its operation. The company have these two focus areas in 2006 to grow by 40 per cent," Samsonite's Vice President E P Suresh Menon told reporters here.
Samsonite plans to expand to 160 stores and 1.7 lakh square feet area from its current 132 store and 1.2 lakh square feet retail space, he said.
As a part of the expansion plan, the company has also launched "black label" that is priced between Rs 15,000 to Rs 32,000 and has opened an exclusive brand store in the city.
"Black label" is a designer luggage designed and developed at Samsonite's Nasik factory," Menon said, adding the company plans to add this product in its stores in Delhi, Mumbai, Bangalore, Hyderabad and Chennai soon.
posted by InCar Group Press Room at 13:00
0 Comments:
Post a Comment
<< Home