Fastrack to plan 50 more franchise stores

A fashion accessories brand from Titan Industries Ltd, Fastrack is mulling to take the number of its exclusive stores to 50 across the country by April 2010, from 13 at present. The brand would roll out more designs and models of various accessories like bags, belts, and leatherettes every month. According to the officials most of the outlets would be operated on franchisee model with an investment of Rs 40-50 lakh, and a floor space of 400-500 sq. ft. The brand, whose mainstay is watches and sunglasses, forayed into accessories like belts, hats and bags this year and expects to reach a sales figure of Rs 360 crore with a growth rate of 25 per cent over last year.