With the opening of a new store in Mumbai, Guess is expanding its retail reach
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08 December 2021, Mumbai:
Guess, a global fashion brand, has increased its retail presence in Mumbai by opening a new store at Phoenix Palladium. Denim, dresses, clothes, shoes, purses, accessories, and more will be available at the store.
Guess sees a great opportunity for expansion in India and aims to open additional stores across the country's major metros to boost sales, which were severely impacted by the Covid-19 outbreak.
"We are happy to welcome shoppers to our new store at the Phoenix Palladium Mall in Mumbai," Manoj Nair, CEO of Gaurik Lifestyle, the licensee for Guess International in India, said in a statement.
In addition to its strategic position, the store's sales demonstrated that customers value quality and on-trend fashions. We're on our way to launching in all of India's main metros before the end of the year." Guess intends to expand its retail footprint in India by opening 50 new stores by 2026, with a revenue target of Rs 300 crore ($40.5 million).
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