Fastrack to open new stores

Chennai: Fastrack, a subrand of Titan, is planning to open 50 exclusive Fastrack stores across the country in the next one year.

The stores would be a mix of company-owned and franchisee model. They would involve an investment of Rs 40-50 lakh each and located in metros as well in university-cities like Mysore.

Fastrack brands are currently available in 3,000 outlets across the country including 300 outlets of Titan.

After re-launching as an independent brand in 2004, the company sold 150,000 watches and 75,000 sunglasses in 2004-05. The turnover for the same period stood at Rs 30 crore.

These stores would be exclusive for Fastrack brands and offer a range of bags, belts, wallets and wristbands apart from watches and sunglasses, he said.

Also, the company is planning to add a few more brands to the product basket.