Archies, a gift and accessory company, intends to expand into global markets in order to reach new customers, with potential locales including the Middle East, the United Kingdom, Canada, and Southeast Asia. In addition, the company plans to open 15 to 20 new stores in India during the fiscal year 2025.
India Retailing claimed that Archies intends to open stores in India as company-owned locations. For its future offerings, the company will target high streets and malls in North India. Archies is aiming for 150% overall growth in the fiscal year 2025, as well as increasing its online activities and negotiating a partnership with the Open Network for Digital Commerce.
The company’s sales through rapid commerce platforms have surpassed Rs 6 crore, and it expects to boost these sales by 150% to 180% this fiscal year. This would get the company closer to its sales objective of Rs 15 to Rs 18 crore for the segment.
Archies has collaborated with firms such as Zepto, Blinkit, and Swiggy Instamart to provide fast commerce deliveries to specific pin codes. “Our quick commerce partnerships are just the beginning, as we look to combine speed with the emotional connection that Archies has always represented,” Archies Limited’s executive director Varun Moolchandani told India Retailing.
