Just I to Scale up Presence, Add Two Stores Every Month
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The company has 250 MBOs across 11 states. Even thought they are present in Pantaloons, they are not into large format stores in a major way. They soon plan to cover the Punjab, West Bengal, Orissa, Chhatisgarh, Rajasthan and Maharashtra. “We are among the few brands that are present in the Indian navy canteens. They give us roughly 250 to 300 sq. ft. space. It’s like a large format. We are in Goa and should be in Mumbai and Kochi soon. In a year’s time we should be everywhere,” says Gupta optimistically. Meanwhile, the brand is also contemplating a women’s denim line. “It will be a complete women’s denim brand. We are not thinking of kids,” says Gupta. The brand also comes up with accessories, every season.
The company follows two retail methods. First, it appoints a distributor to a state and second, it appoints an agent to a state. The brand already has four EBOs, one each in Mumbai, Jodhpur, Raipur and Patna. “Our stores range from 250 to 500 sq. ft. These are partly company-owned, partly franchisee. This year we plan to open two stores every month. The first will be at Kota, which will be around 1,100 sq. ft. and then at Bhubaneshwar, which will be 1,050 sq. ft. store. Stores will also come up in Puri, Ferozepur and Nashik,” Gupta informs. According to Gupta a store ranging from 300 to 500 sq. ft. requires an investment of Rs 12 to Rs 15 lakhs and a store close to 1,000 sq. ft. requires Rs 25 lakhs.
Primarily a denim brand, Just I makes denims, shirts, T-shirts, smart trousers et al. It’s a complete casual clothing company. Targeted at the mid-priced customer, the brand has a youth-oriented focus. “We give our customers value for money. The concept of discounting is widespread in our country. So whoever gives value for money will be a winner,” Gupta says.