Lemax targets women’s wear by next fiscal
By FashionUnited
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He says in the near future they are looking at width in terms of all categories. And fast fashion is the way forward for them. “A customer should find new merchandise in our store every week. We will update 60 per cent of the range every week. We are looking at a fast fashion range like Zara. We won’t start with accessories as they are limited to youth who go to college however, we are doing belts. It will come as a package with the jeans.”
In terms of retail presence, Lemax is sold pan-India through a strong distribution channel and a direct-to-store channel for large format stores. “For the MBOs we follow the distributor format. We have 12 distributors and we supply to 600 MBOs. In April 2010 we opened a 600 sq. ft. EBO in Bangalore. It’s company-owned and company-managed,” avers Shah. Going forward they have plans to open five EBOs in the next one year. These EBOs of 600 sq. ft. each will be located in Hyderabad, Chennai, Ernakulam and Pune. All of them will be company owned and managed. The brand is also present in large formats like Central, Reliance, Brand Factory, Shoppers Stop and Lifestyle. “The way Reliance Trends and Central are expanding, we are not able to match quantities in terms of what they want for a particular store. They have 70 stores lined up to open with us, out of this I will only look at 20 stores this fiscal,” adds Shah.
Lemax