Toonz Retail expands presence Maharashtra, adds two stores in Nagpur

By

Maverick Martins

Published
Oct 31, 2017

Kidswear lifestyle brand Toonz Retail India has expanded its presence in the state of Maharashtra with the addition of two new stores in the city of Nagpur to strengthen its foothold in the state.
 

The new stores have been opened in towns of Sadar and Dharampeth in Nagpur with a total area of 1,500 square feet. The store will house the company’s flagship brands Wowmom, Superyoung and Superyoung celebrations.
 
Toonz Retail is planning to double its store count to 200 by 2020 and eyeing a turnover of Rs 100 crore in the next financial year. As part of its expansion strategy the company is planning to add 24 stores this year across the country this financial year

“We are delighted to expand our presence in Nagpur and Maharashtra. Nagpur being the largest city in central India and the second capital of the state of Maharashtra is an important market for us and will play an integral role in the overall growth strategy of the company in Western India. This store will further help us strengthen our foothold in Maharashtra,” Managing Director & CEO, Toonz Retail India Pvt Ltd Sharad Venkta said in a statement
 
To support its expansion plans the company has also earmarked a market budget of Rs 3 crore for the next quarter (October to December).
 
At present, Toonz Retail has over 105 stores across the country and has recently launched its 3rd store in the GCC region. Toonz is also available online on Flipkart, Snapdeal, Jabong, Firstcry, Amazon as well as its own e-commerce portal www.toonz.in