Monte Carlo reports positive growth in first quarter
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.