A pure-play children’s specialty apparel retailer, Childrens Place Inc (NASDAQ:PLCE) disclosed that it had struck a partnership agreement with India-based Arvind Lifestyle Brands Limited to launch stores in India. The first openings are scheduled during the fall of 2015. There could be a potential of 50 stores after the first launch.
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The company President and Chief Executive Officer, Jane Elfers, said that it was making significant steps in its global franchise business as the company was focused on offering great value and fashion to the kids around the world. He said that Arvind has an established record in the Indian market and also operates successful brands. The Childrens Place Inc (NASDAQ:PLCE) would be the first of its kind in India specifically for the age group of 0 – 14.
The CEO also disclosed that it was committed to continuing its execution of E-Commerce growth, international and wholesale business expansions apart from investments in seamless retail and rationalization of fleet to deliver sustainable long-term growth.
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