Rs 900 crore turnover targeted by Blackberry
Menswear brand Blackberry is eyeing 25 per cent growth in turnover at Rs 900 crore this fiscal on the back of retail and portfolio expansion. It will open 70 new stores by the end of this financial year.
“We are looking at clocking Rs 900 crore turnover and growth of 25-30 per cent in the current fiscal,” Mohan Clothing founder and director Nikhil Mohan said. The Company is the owner of the Blackberrys brand.
“We expect to achieve our growth target through expansion of our retail network and sales from new sub brand, the Blackberrys Urban,” he added.
The company had reported a turnover of Rs 720 crore in the previous fiscal. It operates around 205 standalone company operated stores and retails its products through over 1,000 multi-brand outlets.
About any plan for entering into womens wear segment in future, Mohan said, “No. We do not wish to go in the womens wear segment soon. We want to concentrate on the current portfolio and new sub brands that we will launch”. “Our next step would be to introduce smart business wear, encompassing semi western wear, smart casuals and chinos,” he added.
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