26 December 2024, Mumbai
Men’s fashion brand, Powerlook expects revenues in the current fiscal to rise by 50 per cent to Rs 150 crore from Rs 100 crore in the previous fiscal.
The brand also plans to expand its retail footprint to 15 stores by March next year. It recently opened five new stores spanning 30,000 sq ft in three states including Maharashtra (Mumbai), Gujarat, (Vadodara and Surat) and Karnataka (Bengaluru), notes Raghav Pawar, Co-Founder.
With the opening of these five new stores, the brand’s total store count increased to 13, adds Pawar. Its sales also grew by 25 per cent with the opening of each of these store, demonstrating the brand’s well-executed and result-driven expansion strategy.
