Luxxuberance plans retail expansion, to open 40 outlets in next 3 years
today May 3, 2019
Luxxuberance, multi-brand handbags and luxury accessories store from Brandzstorm India, is looking to expand its retail presence across India and will be opening 40 standalone outlets over the next three years.
Majority of these stores will be opening in leading metros and tier 1 cities across the country as it has witnessed strong sales for its existing stores in these cities. The stores will be a mix of company-owned and franchise outlets.
Luxxuberance houses some of the major international brands like Kenneth Cole, Bebe, BCBG Max Azria, ELLE, Juicy Couture, Steve Madden, Tonino Lamborghini, Furla, Pierre Cardin, Giordano, Superdry, Swiss Eagle and many more.
Sharing the expansion plans, Ujjval Saraf, managing director at Brandzstorm India Marketing Pvt Ltd in a statement said, “Luxxuberance is a luxury concept store designed to create a dreamscape for shoppers. In the last six months, we have sold over 5000 handbags and we are extremely overwhelmed by the market traction we have received so far. This has encouraged us to foray into newer markets to fuel our long term growth objectives.”
“We plan to launch 40 stores within the next three years which will be 70:30 mix of company-owned and franchise outlets. All our stores will be established in high street zones, premium retail hubs, and key domestic & international airports nationally, thereby drawing huge footfalls,” Saraf added.
Luxxuberance had opened its first flagship boutique at Palladium Mumbai in 2018 and currently has six stores in the cities of Mumbai, Thane, Pune, New Delhi, and Guwahati.
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