Retailer and manufacturer of kids fashionwear and apparel, Zudaas France, uis planning to have 250 outlets across India in this year and is aiming at becoming Rs200-crore company by 2010-11.

Hitesh Mehta, MD Zudaas France said that, “this is the best time to expand our retail network as real estate prices are down and the estimated Rs12000-crore Indian kidswear market is growing annually at 15%. We are scaling up our operation pan-India and plan to have 200 stores by March 2010 (in the kidswear segment)”.

Currently 57 stores are owned by the Zudaas in India. Soon, exclusively diversified into men’s and women’s wear and of their newly planned outlets 50 will be ‘Zudaas Family´ stores, which would be launched.

Most of the outlets would be franchise-operated and the company is looking at both metros, and Tier I and II cities and the stores will be in the size of 250-800 sq ft, says Hitesh Mehta. He added, “Our first family store will open in July in Delhi and the target is to have 50 Zudaas Family stores by the end of this fiscal”.

After the completion of the expansion, the company is looking at average revenue of Rs7 lakh per month from each store. Mehta said that, “Our target is to achieve a turnover of Rs210 crore by 2010-11”. 

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Posted by Naresh Koshti on 27 June, 2009 10:52:47 AM IST #