Aspiring entrepreneurs have a great scope in women wear segment. Checkout women wear franchise opportunities in 2019 with popular brands.
Women wear is a segment that has grown tremendously with the changing lifestyle of Indian women. National and international brands created new trends to connect with all ladies with delivery of a huge collection from a simple home wear to the board room dress. The variety of women attires is huge, and market is growing by 20-25 percent every year. National and international players are scrambling to huge cash in this segment and expanding fast.
Franchising Ensures Growth
None can deny the fact that franchising is the most trustworthy business model for expansion and it also has monopoly in women wear segment too. Cashing in on this model, most of the retailers in women wear segment have ventured into franchising. They all have gained recognition and success with strengthening their network successfully.
Women Wear Brands Seeking for Franchise Partners 2019
Brands like Fabindia, Biba, Global Desi, W and has set the new trends of Indo-western fusion through their stylish and vibrant collections to target today’s free-spirited modern-day women. The exclusive brands like Lifestyle, Shoppers Stop, Pantaloons and Globus are also super popular among the modern Indian women and expanding successfully via franchise business model. Biba have plans to open 100 outlets in 2019 through franchise model. The brand mainly aims to expand its ethnic segment via opening Rangriti’s new outlets in smaller and bigger cities across India. Presently, the Biba and Rangriti together have 275 stores. With all the above-mentioned major players, the home-grown names including Kathak Fashion Mills, Anshu’s Designer Studio, LoveGen, SKS, and many others, all are looking for partners who have an interest in this segment. SKS Corporation have multiple franchise business models to expand its stores. You should have INR 20-30 lacs to join hand with this company. Another young and vibrant brand in this segment is LoveGen. It is seeking for Omni channel partners to operate its business in both online and offline retail formats. MikuKumar, a high fashion designer has also seen fast growth by opening franchising outlets in Mumbai and NCR. Presently it is looking for franchisees in Tier II cities in the states like UP, Punjab and Haryana.
What Potential Franchisees Should Possess?
Be a franchisee of these brands means you will have profitable returns easily. However, you should have a sound business and sales acumen. Hard work, sound planning, understanding latest fashion trends and generating sales are other key aspects that brands generally look in a perspective franchisee. The perspective buyer must have an outlet in high street or good location in the market. The investment requirements vary between 20-90 lacs.
All in all, women wear franchising is a lucrative segment and the aspiring franchisee can ask Franchising Time to know more about these brands.