Feb 4, 2019
Fila to strengthen its presence in India
Feb 4, 2019
With consumers’ preference shifting towards sports-inspired athleisure clothing, Italian sports and fashion brand Fila, a key player in the Indian market, is planning to strengthen its presence in the country through an aggressive expansion strategy.
In the next three months, Fila will open stores in cities like Mumbai, Bhubaneswar, Baroda and Chennai. The brand is projecting sales to grow more than 50 percent by the end of this financial year.
As part of the new 'Heritage Store' format, Fila has been opening one store a month and expects to keep this momentum going in 2019.
The focus will be skewed largely towards Fila Heritage format stores, driving fashion lifestyle imagery in the premium sportswear segment with a global Heritage collection across footwear, apparel and accessories.
Aside from main metros and mini metros, Fila has set its eye on the North Indian market with a focus across Delhi, Gurgaon, Noida, and the entire region of Punjab, followed by South India. While company-owned stores will be the primary objective, the brand is identifying some key partners to pursue a franchise model.
Speaking on the strategy, Rakesh Singh Kathayat, chief operating officer, Cravatex Brands said, “The resurgence of sportswear in mainstream fashion is the most relevant conversation in the industry today, particularly among millennials and Gen Z. Fila's retro aesthetic and nostalgia-tinged DNA has thus, gained relevance and this conversation has supplemented its evolution into a sports fashion label. While we’re steadily making this progression in perception, supplementing consumer demand with supply is the need of the hour. Our offline retail growth in India focuses on strengthening our pan-India presence to create easier access and increased engagement with our growing consumer base.”
Fila India is a licensee held by Cravatex Brands which is a part of the Batra Group.
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