Business

Script by Godrej & Boyce to ramp up presence with 13 new franchisee stores this fiscal

Script, the premium residence furnishings model from the home of Godrej, plans to ramp up its retailer footprint with 13 new franchisee shops in Tier-2 cities with an funding of ₹18.5 crore this fiscal, a prime government instructed BusinessLine.

With seven company-owned and operated shops within the metro cities of Mumbai, Pune, Bengaluru, Delhi and Kolkata, Script is now trying to join with a bigger viewers by opening franchisee shops in Chandigarh, Kochi, Guwahati, Patna, Jammu, Lucknow, Madurai, Varanasi, Dehradun, Bhubaneshwar, Surat, Hyderabad and Chennai.

Submit the pandemic, Script has additionally prolonged its e-commerce (scriptonline.com) supply attain from the 5 metros the place it operates to twenty cities pan India and leverages its community of warehouse areas and repair stations to ship to twenty locations inside 3-4 days of inserting the order, together with after-sales advantages to its clients.

Through the pandemic, Script witnessed 2X development within the sale of WFH furnishings and 35 per cent development in sale of equipment together with smooth furnishings, tableware, lamps, clocks, kitchen instruments. It affords a list of over 200 residence furnishings merchandise at costs ranging from ₹15,000 to ₹2.5 lakh together with 500 equipment at costs starting from ₹1,000 to ₹20,000. Impressed by up to date dwelling, the corporate has designed an providing known as ‘Ecosystems’ that consists of various models of furnishings and equipment put collectively in mixtures that double up for each work and leisure.

Uptick in demand

Rajat Mathur, Enterprise Head, Script by Godrej & Boyce, instructed BusinessLine: “By the pandemic, we’ve got seen an uptick in demand for residence decor and furnishings in Tier-2 cities as a part of our omni-channel growth technique. With our upcoming stores, clients can anticipate a stellar in-store expertise which introduces them to the idea of latest dwelling and the vary of Script’s choices first-hand. With our WhatsApp shops and seamless on-line procuring expertise, customers can proceed to get Script merchandise delivered to their properties and assembled in any of the 20 cities we ship to. We predict 20 per cent of our income to return from these key Tier-2 markets.”

Though a lot of the Script shops had been shut throughout the first half of FY21, within the second half the corporate equalled the income achieved within the earlier fiscal, which was ₹12 crore. “Our target market is often the 25-50 age profile with family incomes of over ₹25 lakh. We’re focusing on income of ₹35 crore in FY22,” stated Mathur.

https://www.thehindubusinessline.com/firms/script-by-godrej-boyce-to-ramp-up-presence-with-13-new-franchisee-stores-this-fiscal/article35363924.ece

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