F&B

72% of CoD are Rs. 2,000 notes: Zomato jokes

Roastea opens at Palladium Ahmedabad

Burger King awaits Spiderman

Vijay Deverakonda creates signature dish at Cream Stone

Barista opens 25th cafe in Sri Lanka

Pizza Hut launches AI powered mood detector

E-Commerce

FirstCry opens 8,000 sft store – largest in India
Babycare

FirstCry opens 8,000 sft store – largest in India

April 1, 2023
Flipkart spent Rs. 15,020 Cr to earn Rs. 10,476 Cr in revenues
E-Commerce

Flipkart spent Rs. 15,020 Cr to earn Rs. 10,476 Cr in revenues

December 15, 2022
Big Basket spent Rs. 1.10 to earn Re. 1 in FY 21-22; Losses climb 4x
E-Commerce

Big Basket spent Rs. 1.10 to earn Re. 1 in FY 21-22; Losses climb 4x

October 11, 2022
Vinod launches 100% Virgin Aluminium Cookware
Indian Ecomm

Vinod launches 100% Virgin Aluminium Cookware

January 21, 2022
No Result
View All Result
Sunday, May 28, 2023
  • Login
Retail Updates
  • FMCG
    • FMCG Food
      • Indian FMCG – Food
      • Regional FMCG – Food
      • StartUps FMCG – Food
      • International FMCG – Food
    • FMCG Non-Food
      • Indian FMCG Non-Food
      • Regional FMCG Non-Food
      • Startups FMCG Non-Food
      • International FMCG Non-Food
  • Fashion
    • Luxury
    • Womens’
    • Menswear
    • Innerwear
    • Accessories
      • Cosmetics
      • Eyewear
      • Footwear
      • Leather
      • Personal Care
      • Watches
      • Wearables
  • F&B
    • QSR
    • Traditional
    • Cloud Kitchens
  • E-Commerce
    • Amazon
    • Indian Ecomm
    • Services
  • Malls
    • Mall Chains
    • Standalone Malls
  • International
    • USA
    • Singapore
    • China
    • Middle East
    • SE Asia
    • Europe
    • Oz & Nz
    • SouthAm
  • Entertainment
    • Cinemas
    • Multiplex
    • OTT Platforms
    • Theme Parks
    • Others
  • Retail Tech
    • Digital
    • Retail AI
    • PoS S/w
    • Payments
    • Credit Cards
    • Crypto
    • Tech Delivery
  • Cities
  • Corporates
    • Industry Info
    • Movements
      • People
    • Global
      • Apple
      • Nestle
      • Walmart
      • Starbucks
      • Shell
    • Indian
      • Aditya Birla
      • Arvind Fashions
      • Future Group
      • Reliance
      • Tata Group
      • Shoppers Stop
      • ITC
      • HUL
      • Marico
      • Britannia
      • Dabur
      • Patanjali
      • Reckitt
      • Colgate
    • Listed Cos.
  • Specialty Retail
    • Airports
      • AAI Airports
      • PPP Airports
      • International Airports
    • Travel Retail
      • Metro Rail
      • Railways
      • Highways
    • Auto Retail
      • 2W
      • 4W
      • EVs
      • Fuel Retail
    • Beauty Services
    • Babycare
    • Liquor
    • CDIT
    • Grocery Retail
    • Pets & more
    • Home Improvement
    • Kidswear
    • Books
    • Athleisure
    • Pets & more
    • Leather
  • Opinions
    • Blogs
    • Videos
    • Interviews
    • Lockdown Impact
    • Editor’s Note
Retail Updates
No Result
View All Result
Specsmakers expands store presence

Specsmakers expands store presence

by Editor
September 9, 2021
in Latest News
Reading Time: 2 mins read
0

One of the fastest growing Retail formats in India is Optical Retail. There are an estimated 42,000 opticians across India. Of these, over 90% are run by individual owners, aka Mom & Pop shops with 2 to 5 staff employed per outlet, depending on their business size. The organised retail segment is led by only 4 players of which Titan Eye+ is the oldest chain, spanning over 300 outlets spread across the country on high streets as well as Malls. Lenskart, with over Rs. 2,000 Crores in Venture Funding has a formidable 800+ outlets and aims to be the pioneer in the omni-channel retail model, bringing it’s e-commerce capabilities with offline presence. The company which began as a “Digital First” model serving youngsters and youth through e-commerce, started opening physical stores 2 years back, loaded with cash from its Investors.

Chennai based Specsmakers which commenced its business in 2004 with one store, opened it’s 240th store on 9 Sep. ’21 in Bangalore. This is the company’s third outlet within the RT Nagar locality. S. Shriram, Vice President, Sales & Marketing said, “We have received an overwhelming response from our existing 2 stores in the vicinity. What was once a quiet suburb 15 years back is now a bustling neighbourhood with a number of domestic & international brands. Therefore, we believe we should serve customers of all SECs and at the same time, maintain the same “Specsmakers Store Experience” all over”. The company aims to open 1,000 outlets across India by 2025, he said.

YOU MAY ALSO LIKE

Reliance Consumer launches General Mills’ Alan’s Bugles

Vijay Deverakonda creates signature dish at Cream Stone

The segment has seen a fierce competition over the years with the traditional stores who have built a personal rapport with their customers continuing to elevate their in-store experience such as offering high-quality and high index lens, high quality frames from internationally acclaimed Brands and value-for-money, imported brands as well, while also adding air-conditioning, state of the art testing facilities and so on. The organised players, altogether have no more than 2,000 outlets thereby leaving a huge headroom for organic growth.

WFH & EFH (Education) have left eyes drained and strained for millions of people worldwide, thereby opening up the market size by value and volume. Many children and youth, who are now glued to their devices, have been forcefully made to take eye tests, who in turn recommend reading glasses, with or without power. Whichever way, the eyewear and eyecare segment of retail throws newer opportunities for earning and growth.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Pocket (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Skype (Opens in new window)
  • Click to email a link to a friend (Opens in new window)

Like this:

Like Loading...

Related

ShareTweet

Related Posts

Reliance Consumer launches General Mills’ Alan’s Bugles
International FMCG - Food

Reliance Consumer launches General Mills’ Alan’s Bugles

May 27, 2023
Vijay Deverakonda creates signature dish at Cream Stone
Latest News

Vijay Deverakonda creates signature dish at Cream Stone

May 22, 2023
Pizza Hut launches AI powered mood detector
Latest News

Pizza Hut launches AI powered mood detector

May 19, 2023
Skechers launches fashion collab with Diane von Furstenberg
Footwear

Skechers launches fashion collab with Diane von Furstenberg

May 19, 2023
Starbucks Oleato™ Arrive in the UK
Coffee

Starbucks Oleato™ Arrive in the UK

May 19, 2023

Specialty Retail

Just Watches acquired by Timex
Watches

Just Watches acquired by Timex

by Editor
May 25, 2023
0

Just Watches, a retail chain from Mumbai with over 75 stores has been acquired by US-based TIMEX group

Read more
Kalyan Jewellers crosses Rs. 14,000 Cr annual revenues

Kalyan Jewellers crosses Rs. 14,000 Cr annual revenues

May 24, 2023
Lifestyle celebrates 100th store “landmark”

Lifestyle celebrates 100th store “landmark”

May 18, 2023

FMCG & Grocery

ITC Foods expands millet portfolio

Bira91 partners with Mumbai Indians

D2C brand Masqa launches new range of chocolates

Entertainment

NY Cinemas opens in Guwahati
Multiplex

NY Cinemas opens in Guwahati

by Editor
May 15, 2023
0

Bollwood actor Ajay Devgn owned NY Cinemas, the multiplex chain has opened its cinema at Assam. The facility is located...

Read more
PVR Cinemas admits reduce in Q3 compared with 2019

PVR Inox launches special shows for Re.1/-

April 20, 2023
PVR opens at Chennai Airport

PVR opens at Chennai Airport

March 9, 2023

Search

No Result
View All Result

Who We are…

Retail Updates strives it’s best to curate the latest in the world of Retailing from across the world and offers insights and analyses.

  • FMCG
    • FMCG Food
      • Indian FMCG – Food
      • Regional FMCG – Food
      • StartUps FMCG – Food
      • International FMCG – Food
    • FMCG Non-Food
      • Indian FMCG Non-Food
      • Regional FMCG Non-Food
      • Startups FMCG Non-Food
      • International FMCG Non-Food
  • Fashion
    • Luxury
    • Womens’
    • Menswear
    • Innerwear
    • Accessories
      • Cosmetics
      • Eyewear
      • Footwear
      • Leather
      • Personal Care
      • Watches
      • Wearables
  • F&B
    • QSR
    • Traditional
    • Cloud Kitchens
  • E-Commerce
    • Amazon
    • Indian Ecomm
    • Services
  • Malls
    • Mall Chains
    • Standalone Malls
  • International
    • USA
    • Singapore
    • China
    • Middle East
    • SE Asia
    • Europe
    • Oz & Nz
    • SouthAm
  • Entertainment
    • Cinemas
    • Multiplex
    • OTT Platforms
    • Theme Parks
    • Others
  • Retail Tech
    • Digital
    • Retail AI
    • PoS S/w
    • Payments
    • Credit Cards
    • Crypto
    • Tech Delivery
  • Cities
  • Corporates
    • Industry Info
    • Movements
      • People
    • Global
      • Apple
      • Nestle
      • Walmart
      • Starbucks
      • Shell
    • Indian
      • Aditya Birla
      • Arvind Fashions
      • Future Group
      • Reliance
      • Tata Group
      • Shoppers Stop
      • ITC
      • HUL
      • Marico
      • Britannia
      • Dabur
      • Patanjali
      • Reckitt
      • Colgate
    • Listed Cos.
  • Specialty Retail
    • Airports
      • AAI Airports
      • PPP Airports
      • International Airports
    • Travel Retail
      • Metro Rail
      • Railways
      • Highways
    • Auto Retail
      • 2W
      • 4W
      • EVs
      • Fuel Retail
    • Beauty Services
    • Babycare
    • Liquor
    • CDIT
    • Grocery Retail
    • Pets & more
    • Home Improvement
    • Kidswear
    • Books
    • Athleisure
    • Pets & more
    • Leather
  • Opinions
    • Blogs
    • Videos
    • Interviews
    • Lockdown Impact
    • Editor’s Note

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
 

Loading Comments...
 

    %d bloggers like this: