Category of Products sold through Retail outlet: Beauty, Healthcare, cosmetics, Wellness
Recommended Retail Outlet Name: To be discussed (Though name has been decided and trademark applied and website blocked)
The project would start with a beauty/cosmetic retail shop. Prefer to own the property from where first retail outlet will be rolled out. Rest shops would be based on rented premises model. In future, after adding successful chain, company owned products would be introduced.
Retail outlet would sell women beauty/cosmetics products. There is huge potential in Indian market. The demand for such products has always been all time high. And industry is growing at CAGR of over 20%
Success depends on the format, ambience and the experience that customer gets. Looking with Indian context, there is need for the right mix of Outlet brand name, products sold, environment and services.
Too high end or too low end makes the retail outlet attract one side of customers.