Three stores - two in Hyderabad and one in Dombivali near Mumbai - have been launched since June, the company said, with three more outlets in the fit-out stage, implying they will be opened shortly. Clothes, accessories and footwear are priced at under ₹500 a unit, making it an attractive proposition for consumers.
"Intune is a 'Fashion For All' format, which is one of our strategic initiatives to cater to young families," Venu Nair, MD & CEO, Shoppers Stop, said in an investor call on Tuesday. The move is timed to deal with a discretionary slowdown that has hurt apparel sales at the company, experts tracking the market said.
This story is from the July 26, 2023 edition of Financial Express Mumbai.
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This story is from the July 26, 2023 edition of Financial Express Mumbai.
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