Turtle explores opportunities in Bangladesh

1. Turtle explores opportunities in Bangladesh Turtle’s sourcing relationship with Bangladesh is poised to grow alongside its expansion plans. The proximity of the company’s headquarters to Bangladesh along with the country’s RMG industry being strong in producing shirts and T-shirts – key product lines for Turtle – are favourable factors. Some Indian brands have continued to thrive and expand their legacy and Turtle Clothing Company, based in West Bengal, is one such example. With a history spanning over 30 years, Turtle is a well-established menswear brand, primarily targeting men aged 22-45 in Tier-1, Tier-2 and Tier-3 cities across India. Strong Reach across Multiple Channels Turtle has grown into a well-known brand, boasting over 168 exclusive stores nationwide and a presence in nearly all major retail chains. Additionally, the brand is available in over 1,500 multi-brand outlets and 1,300 large format stores across 400 cities in India, with significant market penetration in states like West Bengal, Odisha, Bihar, Assam and Jharkhand. The brand continues to expand, with plans to open more stores, which is expected to drive future revenue growth. Turtle is also available on all leading e-commerce platforms. According to available data, Turtle Limited’s total operating income saw an impressive year-on-year growth of 85 per cent, reaching Rs. 404.19 crore in FY ’23, compared to Rs. 217.94 crore in FY ’22. This growth was largely driven by an increase in sales volume, thanks to the opening of new showrooms and a rise in demand post-Covid, as highlighted in Apparel Retail News Apparel Retail News. If you want to read this and other Fashion and Apparel Industry articles, Apparel & Garments News, Apparel Industry updates related news Click here: - apparelresources.com