Tanishq, a jewellery brand owned by Titan Company Limited, plans to increase the number of its big format stores by the end of the 2024 fiscal year in order to accommodate sizable crowds of customers at once and provide them with a wide range of jewellery options.
Tanishq, a jewellery brand owned by Titan Company Limited, plans to increase the number of its large format stores by the end of the fiscal year 2024 in order to accommodate sizable crowds of clients at once and provide them with a wide range of jewellery options. According to The Hindu, Titan Company Limited's regional business head for South India, Sharad, "We currently operate roughly 50 large format stores in the country and are planning to treble the number." There are currently 400 different sizes and types of brick-and-mortar stores operated by Tanishq throughout India. The company has a significant retail presence in Tamil Nadu, where it runs 46 outlets, 13 of which are in Chennai.
Over the remaining months of the current fiscal year and the subsequent 2024 fiscal, the brand plans to open 40 to 50 large format locations. Some of these stores will be opened in previously untapped markets, while others will be developed by converting an existing Tanishq location into a large format outlet.
The recently unveiled Chola-themed jewellery collection received positive feedback, according to Tanishq. Sharad stated of the line, "It had the best sales ever." Our expectations were exceeded. During Diwali, customers in both larger cities and more rural areas were pleased with it. We'll introduce fresh lines for the Pongal festival.
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