With the aim of tripling its portfolio of stand alone stores by 2015, fashion retailer Mint Velvet planning to expand its retail empire. Currently it has 9 stores and 83 concessions. Last month it named by the Sunday Times PwC Profit Track 100 as ‘Ones to Recognise’.
Once the expansion starts, the number of stores would see a growth of 20 – 30 stand alone boutiques. With the latest opening in Guildford last week, plans are on full swing to add two further stores in Harrogate and Farnham this spring.
Stuart Grant, operations director at Mint Velvet informed that the focus is on standalone stores and they wouldn’t rule out opening more concessions.
Founded in 2009 by Clarks chairman Peter Davies and the team behind the Principles womenswear chain, the company launched a click-and-collect service last week and is also looking to offer an international delivery service through its UK website by the end of the year.