Hotline: 1800 102 2007
X
Search Business Opportunities
Dec, 20 2018

Tanishq Plans to Expand Footprint in Tier-II & Tier-III Cities

The firm is targeting to reach at least 130 new small towns while setting up 200 more outlets in the next five years in India.

Tanishq, the jewellery brand of Titan Company, is planning to expand its footprint across tier-II and tier-III geographies. The firm is targeting to reach at least 130 new small towns while setting up 200 more outlets, company-owned and franchise, in the next five years in India. 

CK Venkataraman, CEO (jewellery), Titan, said, "In India, we are an unqualified leader across every jewellery segment by a long gap. But, there is still a large opportunity to grow because jewellery is always a local business. That's why we planning to set up 40-50 outlets, mostly in towns and small cities, each year for the next five years."

Presently, Tanishq retail chain has 275 exclusive boutique stores in 170 cities. Out of these, 226 outlets are franchise while 50 are company-owned. 

"The online jewellery sales help in discovering, exploring and researching a whole range of products of a company. But, our online sales ambition is not high, except for one-or-two lighter segments. We still want to depend on retail or offline format, which covers around 96-98% of our total sales. We have not exposed all the product range for online sales. But, we will open omnichannel sales soon," Venkataraman further stated. 

Comment
image
Related opportunities
  • Ice creams & Yogurt Parlors
    About Us: Established in 2016, Pop Hop is a unique and..
    Locations looking for expansion Karnataka
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 120
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • About HPS: HPS [Hyderabad Public School Pvt Ltd] is one of..
    Locations looking for expansion Andhra Pardesh
    Establishment year 2009
    Franchising Launch Date 2010
    Investment size Rs. 50lac - 1 Cr.
    Space required 10000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater 0 Andhra Pardesh
  • Others Food Service
    About Us: World of Tortilla's is an established Mexican chain with..
    Locations looking for expansion New delhi
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi New delhi
  • Quick Service Restaurants
    About Us: LAUNCHING FIRE ‘N’ GRILL BACK IN 2007 WAS A..
    Locations looking for expansion Punjab
    Establishment year 2007
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chandigarh Punjab
Insta-Subscribe to
Entrepreneur
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
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities