Mar, 21 2016

Woodland plans to open franchise stores in Rohtak

The outlets were generating sales around Rs 4-5 crore per annum, the company said.

By Franchise India Bureau
Woodland plans to open franchise stores in Rohtak

Last month, during Jat agitation, when two outlets were looted and burnt in Rohtak, Haryana, footwear and apparel brand Woodland said it will assess the situation before reopening the stores.

The outlets were generating sales around Rs 4-5 crore per annum, the company said.

During the stir, arsonists had first looted and then burnt down two Woodland stores located in Rohtak, which was the epicentre of pro-quota Jat agitation, reported PTI.

"For Rohtak, we will asses (situation) before we take a call on whether to reopen the stores," said Woodland Managing Director, Harkirat Singh. He also described the mayhem in several parts of Haryana during Jat stir as setback.

"It was a setback. We were running both of profitable stores. We would have opened another one, but now we are thinking to whether reopen those two. It was a setback not only for us but for so many other companies," Singh said. "We have close to 25-30 stores in Haryana. Practically in all towns of Haryana and it is not that we are closing those stores, they will keep running”, he added.

He further said the company might look at the possibility of opening its stores on a franchise model.

"These things happen and they are very sad. We all feel there is a lot of market potential there, but when such things take place, we take a step back and we think whether it is really sensible to do it, but of course, one has to see as for the future. Maybe, we will be more careful; probably we open franchise. We have not yet thought of how we will take it up now. We are still kind of what the possibility is. Normally, we open company owned stores everywhere," he said.

The company is yet to decide what to do as it is still pursuing on getting the compensation for the franchisees at loss. 

Related: Fruit Day seeks franchise partners

Click Here to add Comment
Please add your Comment
Rating
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Sell Business 2017
Sell Franchise 2017
Daily Newsletter

Submit your email address to receive the latest updates on news & host of opportunities.

Most
Entrepreneur The Franchising World Retailer 2017




Recommended For You
Newsletter Signup
Submit your email address to receive the latest updates on news & host of opportunities.
Franchise India Holdings Ltd

Copyright © 2009 - 2017 Franchise India Holdings Ltd.

The information contained herein is of generic nature only, and Franchise India is not, by means of this website or any part thereof, rendering professional advice or services. Before making any decision or taking any action that might affect your finances or business, you should consult a qualified professional advisor. Your use of this website or any of its pages or links given, is at your own risk and you assume full responsibility and risk of loss resulting from your usage. With respect to use of the website, kindly visit www.franchiseindia.com/terms.

X

Tell us what you think!