Monte Carlo re­ports pos­i­tive growth in first quar­ter

Apparel Online - - Domestic Update -

Monte Carlo Fash­ions has an­nounced fi­nan­cial re­sults for the first quar­ter ended June 2018. Dur­ing the quar­ter un­der re­view, the fash­ion re­tailer wit­nessed en­cour­ag­ing fig­ures. The brand re­ported 50 per cent growth in the quar­ter un­der re­view as com­pared to the cor­re­spond­ing pe­riod last year. It is now aim­ing to strengthen its pres­ence af­ter notic­ing cus­tomer’s faith in it. Mean­while, the pre­mium fash­ion brand re­cently opened its re­tail out­let in Dwarka, New Delhi un­der its ex­pan­sion plan. Monte Carlo is plan­ning to add 100 new out­lets in the coun­try by 2022. It also un­veiled its re­vamped logo. The com­pany is also plan­ning to de­velop its show­rooms into one-shop des­ti­na­tion to of­fer con­tem­po­rary cloth­ing with world­class qual­ity at af­ford­able prices. The Dwarka store open­ing has come close on the heels of store in­au­gu­ra­tion in Janakpuri in the city. The cloth­ing brand re­tails its prod­ucts through EBOs, MBOs and Large For­mats Stores along with its web­site mon­te­carlo.in.

As of FY ’18, Monte Carlo’s panIn­dia re­tail pres­ence com­prised 234 EBOs (com­pany-owned as well as fran­chised), over 2500 MBOs and 270 NCS, in­clud­ing large for­mat stores like Re­liance Re­tail, Shop­pers Stop, Aditya Birla Fash­ion, Cen­tral and Kap­sons.

The brand re­ported 50 per cent growth in the quar­ter un­der re­view as com­pared to the cor­re­spond­ing pe­riod last year. It is now aimed to strength­en­ing its pres­ence af­ter notic­ing cus­tomer’s faith in it.

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