By March 2024, Titan's Tanishq will treble its large format outlets.

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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As part of its new sustainability strategy, Mango has published a list of tier 3 factories.

Following the release of its tier 1 and 2 suppliers, fashion retailer Mango has become "one of the first major fashion companies in Spain" to publish its tier 3 factory list.

Swati Bhat

It is part of the company's new sustainability strategy, dubbed 'Sustainable Vision 2030,' which aims to highlight the traceability and transparency of its value chain.

The tier 3 list includes the brand's fabric and fitting suppliers, revealing their names, addresses, number of employees, and the type of product they provide.

The list was compiled in accordance with the requirements of the Transparency Pledge Standard, an initiative aimed at increasing transparency in fashion supply chains, according to a press release from Mango.

Mango stated in the publications that it will continue the process of auditing its suppliers and ensuring that appropriate working conditions are met for its employees.

Turkey, China, and India are at the forefront.

At the end of 2022, the brand reported that it had 2,400 factories worldwide that were classified as tier 1, 2, or 3.

Turkey had the most factories, with 663, followed by China (651), India (214), Spain (169), and Italy (150).

The move is linked to the third pillar of Mango's strategy, which is centred on traceability, and it joins other similar value chain-based initiatives, including a number of social action projects that the company is planning in the coming years.

These include "traceable" collaborations with organisations such as the Spanish Red Cross and Save the Children, as well as training projects aimed at improving access to education for children and women in countries such as India and Pakistan.

Meanwhile, in Europe, Mango announced that it would strengthen ties with universities in order to increase the insertion of young people into the labour force.

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MINISO anticipates expanding both online and offline in 2023 after reaching 220 stores in India.

As the Chinese company continues to grow throughout the nation, the accessories and lifestyle brand Miniso reached a store count of 220 in India in 2022. Miniso intends to concentrate on large-scale retailers and keep growing in 2023.

Pritish Bagdi

Tyrone Li, the country manager for Miniso in India, stated in a press release on January 3 that "during the pandemic, we adopted a more conservative store opening strategy, and having seen the performance potential of first- and second-tier cities, next year we will primarily open larger stores there." We see India's potential for growth and will keep cooperating with both our current and possible future partners to expand there.

Miniso has 16 outlets in the Mumbai metropolitan area and is now present in 125 Indian towns. Miniso established 10 outlets in December 2022, one of which was a 110 square metre outlet on Bengaluru's New Bel Road commercial pedestrian strip. Additionally, the company launched a location in Thiruvananthapuram's Lulu Mall.

Miniso considers India as one of its most important international markets due to its large population and growing economy, according to the business. In 2023, Miniso will focus on opening high-performing stores and selecting products to retail which cater to the needs of Indian consumers. The business will also focus on expanding its e-commerce offering on large-scale marketplaces Amazon India and Flipkart.

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