Toonz Retail eyes Rs100 crore turnover by FY2019
Toonz Retail eyes Rs100 crore turnover by FY2019

Kidswear and toys retailer, Toonz Retail, plans to double its store count to 200 by 2020 and targets a turnover of Rs 100 crore by 2018-19 financial year.

Sharad Venkta, Managing Director, Toonz Retail said, "Given our aggressive growth plan, we are looking at opening 100 stores in the next 3 years. We want to be a one stop solution for a child's needs. We are targeting Rs 100 crore turnover by fiscal 2018-19."

At present, Toonz Retail, backed by Crystal Group, owns over 100 outlets. The company opened 20 stores last year and is looking to open 24 outlets this year.

Venkta said the company is also diversifying its product portfolio with its two in-house brands.

He said, "In our apparel sub-brand Superyoung, we will expand our product reach through various other channels apart from our own stores, while in Wow Mom we are looking at introducing whole range of baby care range and then create an independent strategy for these brands.”

 

 
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