Urban 10 – kidswear brand owned by United Retail India is in talks with Future Group’s Central Mall and Dubai based Landmark group to expand its presence to 90 locations by the end of this year. The company currently has presence in 120 multi-brand stores.
Mr. J. Vaid CEO said,
We want to enter the metros and focus on Southern cities such as Bangalore, Hyderabad and Chennai. The company is looking at expansion through single brand stores both in malls and on high streets.
The company has earmarked Rs 50 cr for the expansion plan and is set an ambitious target of capturing 15% of the organized retail market in this segment.