Tynimo expands retail footprint, plans to open 35 stores in 2020
today Dec 26, 2019
Bengaluru-based lifestyle retail brand Tynimo has strengthened its retail presence with the opening of its fourth store at HSR Layout in Bengaluru.
Tynimo plans to open 35 new stores across India over the next 12 months, and will be taking the franchise route for its retail expansion in the country.
The company is also planning to open company-owned stores in major towns, cities, and metros. It will invest around Rs 3 crore ($4,20,639) to Rs 4 crore on its retail expansion over the next few years.
Tynimo sells products across categories that include fashion jewellery, hair ornaments, footwear, personal care, Indian handicrafts, watches, and innerwear, among many others. Its current product portfolio is priced between Rs 50 to Rs 3500.
Commenting on the store launch, Vaibhav Jain, CEO and founder of Tynimo, in a statement said: “Within a year of our launch, we have witnessed significant footfalls across all our current stores and we hope to receive a similar response for our new store in HSR Layout.”
Tynimo, a part of the Hansum India group, was launched to compete with international lifestyle brands from Japan, Korea and China like Miniso, Upuso, Mumuso, Ximi Vogue, and others.
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