Monte Carlo, the well-known Indian apparel brand, has plans to expand its retail stores on a large scale in 2020.
The brand opened as many as 14 retail outlets between July and September this year and it expects the pace to pick up next year.
In next 3 years, the brand expects to attain a compound annual growth rate of 20 per cent with continual focus on retail expansion.
Notably, recent Government policies on GST have helped Monte Carlo create a single MRP structure all across India.
Over the recent years, India’s apparel market has become more organised as a result of which even in rural areas and small towns, the brand has managed to leave its mark.
So, 2020 surely could help Monte Carlo spread its wings across the country in a big way.
It is important to note here that the brand lately also ventured into athleisure market with its sportswear range Attivo.
