Fastrack on the fast track of expansion

Fastrack, a fashion accessory brand from Titan Industries Ltd mulls to take the number of its exclusive stores to 50 across the country by April 2010. It presently has 13 outlets. According to Ronnie Talati, Vice President and Head, Fast Track, “Most of the outlets would be operated on franchise based model with an investment of Rs 40-50 lakh, and a floor space of 400-500 sq. ft.”

The company expects to reach a sales figure of Rs 360 crore with a growth rate of 25 per cent over last year. Talati said, "The sales revenues from accessories would contribute 15-20 per cent to our revenues over the next five years."

The brand would roll out more designs and models of various accessories like bags, belts, and leatherettes every month. The company has sold 1.5 million watches and half a million sunglasses in the present year.