Toonz Retail to open 200 stores by 2021
today Jun 14, 2019
India’s leading kid’s retail chain Toonz Retail is looking to strengthen its retail presence across India and plans to add around 200 stores in the next three years.
Toonz Retail currently has over 100 plus stores spread across 52 cities in 15 states and also sells online through its online portal and other e-commerce websites.
Toonz Retail has been expanding rapidly especially in tier 2, 3 cities of North India, as it sees tremendous potential in these markets for growth.
The upcoming retail expansion is expected to boost the company’s revenue in the coming years and improve margins mainly due to the strong sales of its private label brands.
“We are planning to touch 200 stores in the next three years. We are present in 64 cities in 15 states. Our major expansion is focused towards Karnataka, Uttar Pradesh, and North-East,” Toonz Retail CEO Sharad Venkta told Retail4growth.
“Our store size varies from 700 square feet to 2400 square feet. However, the standard size is 1200 square feet. We have a mix of franchise and own stores,” he added.
Toonz Retail offers a complete range of exciting kids’ products including fashion, accessories amongst others. It owns apparel brands like Wowmom, Superyoung, and Superyoung Celebration.
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