Indian Terrain Fashions: Sales rebound adds decently to retailers’ revenues in FY’23

27 May 2022, Mumbai:

A sharp rebound in sales is expected to increase revenues of apparel retailers by 20 per cent rise in FY23.

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Retailers are benefiting from pent-up demand coupled with recurrent weddings, and the onset of the first full-fledged academic year post-pandemic, says Charath Narasimhan, Managing Director, Indian Terrain Fashions.

The push towards return-to-work is also driving sales leading to many retailers expanding their store network in smaller cities, adds Narasimhan.

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His company closed about 25 outlets during the pandemic but opened about 70 stores in different cities, taking the total number of stores to 210. The Chennai-based company plans to open 25-30 more stores in the next six months.

New generation of buyers prefer to buy clothes online, he adds. Indian Terrains has opened an online window to cater to this need, Narasimhan informs.

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