Connexions, Tamil Nadu's Fastest Growing Chain aligns with Franchise India for expansion across India
Connexions, Tamil Nadu's Fastest Growing Chain aligns with Franchise India for expansion across India. A franchisee just needs approximately 70 lacs and 1500 sq. ft. area to start a Connexions outlet.
- (1888PressRelease) September 30, 2014 - Established in 1995, Connexions Retail Stores Pvt. Ltd. is the fastest emerging chain of lifestyles stores. Popular for books, toys, gifts, stationary, music, chocolates, perfumes etc. Connexions operates 11 stores in Chennai, Coimbatore and Salem. It merchandising and inventory management ensures individual customer preferences, leading to a tailor made product range for every location. This leads to better customer satisfaction and loyal customer base.
Connexions started in Chennai 18 years back with the vision to provide complete lifestyle commodities under one roof and now has become a trend in cities throughout the country. Being recognized as a trusted and trendy brand, it successfully operates 11 stores. It offers product for children, women, students and men.
The retail sector in India is highly fragmented and organized retail, which is estimated at 4% of the total market, is at a very nascent stage. In this, luxury retail is an upcoming trend and is expected to grow at a CAGR of 20% till 2015. As a consumer spend is shifting from basic to discretionary commodities, a few segments including health and beauty, pharmaceuticals, books, music, gifts and furnishings are witnessing growth in organized retail penetration. Book, music, gift and retails hold the most potential, as almost 80% of it belongs to traditional retailer. According to Ernst & Young report, books, music and gifts segment contributes about 41% of private expenditure and about 77% of total retail sales.
In last two decades, India has witnessed a revolution in organized retail segment. As a result, multiband retail stores have mushroomed and ours also registering great growth. As per experts, these trends would continue to fuel the market growth paving way for existing players like Connexions to capture the unexplored territories.
The brand will support franchisees with site selection and setup, training, marketing support, standards, vendor management, stock supply, purchasing, admin support.
Franchise Facts:
Model: Tier 1
Area Required: 1500 sq. ft
Total Investment: Rs. 70-71 Lacs
Franchise Fee: Rs. 3.25 Lacs
Target Area: Pan India
Agreement Terms: 5 years.
Model: Tier 2 &3
Area Required: 1500 sq. ft
Total Investment: Rs. 67-68 Lacs
Franchise Fee: Rs. 3 Lacs
Target Area: Pan India
Agreement Terms: 5 years.
Mr. TS Ramachandran, Managing Director, Connexions said, "To replicate the same success across the region, we now plan to expand our presence through franchising and we look forward to budding entrepreneurs to partner with us. We promise to offer full support and guidance to prospective partners in leveraging profits out of this successful and productive venture."
Ms. Sonya Chowdhary, Director, Franchise India Brands Ltd. Said, "India is witnessing a revolution in organized retail segment. Connexions Retail Store has established well in Tamil Nadu and now we look forward to facilitate its expansion across India."
About Franchise India
Franchise India is Asia's largest integrated franchise solution company since 1999, with an absolute authority on Franchising, Licensing, Retailing, Real estate and Business Brokerage. Franchise India has helped over thousand of brands in their channel expansion plans through franchising, dealership, distributorship and in turn has assisted over hundred thousand investors in advising them with right business fit. The company has worked with several major corporate houses and brands over these years like, Aditya Birla Group Mahindra Group, Reliance, Tata, Videocon, Gitanjali, Levis, JK Tyres, Lakme, Adidas, Euro Kidz, The Apollo Clinic, Chhabra 555, Sarovar Hotels, Next, Apollo tyres, Nokia, Coffee Bean Tea Leaf, Skechers to name a few, through media, advisory and brokerage.
Franchise India has created its own niche as the pioneers of franchise industry and a small business authority. For more details log on to www.franchiseindia.com & www.franchiseindia.in.
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