Pepe Jeans To Open 50 Stores By Sept 2010




Rediff Business:

quotation.jpg Pepe Jeans India plans to open 50 more stores pan-India in the next 12 months which would give it a stronger market presence.

“We plan to open 50 more stores on a franchisee basis and have earmarked an investment of Rs 50 crore for this,” Pepe Jeans India managing director Chetan Shah told PTI.

The new stores will be opened over the next 12 months, he said.

Launched in 1989 in the country, Pepe Jeans currently has a 25 per cent marketshare in the premium jeans and casual- wear segment.

“We are targeting a 20 per cent growth in the next five years,” Shah said.

On the industry trend going forward, he said “in the next five years, growth will be controlled as the market is getting corrected.”

One Response to “Pepe Jeans To Open 50 Stores By Sept 2010”

  1. Akash Prasad Says:

    I am Akash from Tumkur a city near Banglore. I am a regular customer to Pepe Jeans but if I had to buy your product I have to go all the way to Banglore. Not only me all people of Tumkur cause of that we are not going to buy your products. If you can set up a new store in our city it will be great. I will assure you that it will be a great success in our city as their is no competition for Pepe Jeans.

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