Da Milano was founded by the father of Sahil Malik in 1989.Started up with just one sstore in the market of Delhi, the brand prides itself in running now 60 stores, under the manage of Sahil Malik Da Milano.
The meaning of Da Milano is “of Milan” which is an Italic word.It has a variety of leather accessories for both males and females. women’ luggage, wallets, bags trolleys, jackets, portfolios, belts, leather computer baggage, and home necessities are most of the signature products of Da Milano. With its international l designs and first-class craftsmanship has made him popular at worldwide. Sahil Malik is the CEO of Da Milano.
Starting of Da Milano
After finishing his fashion designing in NIFT, Sahil Malik had decided to joined his circle of relatives buisness in 2000. He decided to set up a chain of shops providing leather accessories at the time when Indian retail marketplace was revolutionizing.
He took complete duty to extend it with his extensive exposure to style sense. After doing thorough research of the Indian leather-based marketplace and its products, he got that it’s missing western touch. Most of the product designs have different patterns and colors handiest.
Da Milano got real growth in 2005 , People in India had enough cash to spend money on buying and the mall lifestyle turned into growing slowly. Buying shops helped the enterprise to open extra shops in India. As a substitute of having simply one handbag, now ladies personal five-6 purses.
Leather accessories have quite recently started to expose what’s underneath in India. Our present system is tied in with creating a one-stop leather portfolio for all the optimistic requires of leather results of the client who is a executive, to the woman who needs to go to a night get-together and can ooze certainty with a Da Milano sack next to her; from an octogenarian who prides himself with a seven-embed leather wallet to the youthful designing understudy setting a loot standard with his smooth PC pack.
Adaptability is tied in with synchronizing innovation with Indian craftsmanship, Using a semi skilled power and using rustic ability to the most. The outcome is a blossoming income that develops at a CAGR of + 25 percent over next five years. Economies of scale bring about cost intensity bringing about giving up the opposition.
58 stores and filling in 17 urban city in India. The arrangement is to develop to 100 sources across 34 urban communities in the following five years. Objective Dubai has quite recently opened its points of view with 2 stores in Ibn Battuta and Burjuman Mall each.
With 4 additional stores arranged in the Middle East, 2 in Europe and 2 in Singapore, Da Milano is good to go to stamp its quality at the best areas in 3 mainlands throughout the following 3 years with administration and a committed client base in 2 different landmasses. Da Milano hopes to be a worldwide brand in the following 3-4 years.
The variety of items will meet each optimistic necessity of an insightful leather item customer across the globe.
Customer and products
Da Milano has merchandise for customers aged between 14-75 years. Executives, students, businessmen, working women, style maniac, etc, they’ve merchandise for all.
A change in profile of the customer, in one of a kind seasons or in any other case is therefore no project for Da Milano. instead it’s far an possibility to duck seasonal vagaries and bolster sale. Da Milano is short on flip out time for a range.
The advertising plan shall evolve round PAX profiling and round unique events that convey a specific elegance of passengers. The range, array of colors and expenses will be sensitized around that to again the advertising effort to speak via mailers (stand alone and with occasion organizers) to communicate and construct consolation and camaraderie with the passengers.
Da Milano Awards
- Images Most Admired Fashion Accessories Retailer 2011
- Star Retailer Awards – Leisure and Travel Retailer of the Year Award 2011
- Award for Best in Travel & Leisure Category 2011 from Inorbit Cyberabad
- Most Admired Retailer-Fashion & Lifestyle Accessories Award at IRF 2013
- Images Most Admired Fashion Accessories Retailer 2014
Location Strategy of Da Milano
The location for each store should be picked with care, a spot that has high traffic count – shopping centers, high roads and even air terminals. In any case, shopping centers bear the cost of an all the more family experience and makes it extremely simple for clients to shop across brands in a similar class and contrast with settle on an insightful decision.
Creating and developing retail activities at high footfall locations is about client profiling, occasions, item range that mixes with client goals and about snappy transformation of occasional variety and client prerequisite. High footfall zones are profiled for clients and their desires, their input is immediately interpreted by plan and the creation group to turn out items at ideal value focuses.
Shop-in-shops is as yet not in the retail procedure of the brand the extent that the Indian market goes, however we are available to the possibility of a diversifying model.
Growth and Revenue of Da Milano
high-stop leather merchandise retailer Da Milano is eyeing Rs three hundred crore turnover and plans to open 150 new outlets across the united states of america for its three manufacturers in three years.
“we are looking at a turnover of Rs 300 crore by monetary 2020-21. we can grow our enterprise via our network of retail shops and recognition on patron loyalty and pride,” Da Milano coping with Director Sahil Malik instructed PTI.
Da Milano expects to shut the modern fiscal yr with turnover of Rs 2 hundred crore.
The organisation presently operates 70 shops in India and 6 overseas. it is also searching at increasing its distant places operations and plans to open stores in Singapore and London through next monetary.
Da Milano recently opened its new shop in Dubai.
“We count on remote places operations to make contributions to our turnover in a big way. we are a less expensive luxurious leather logo and the rate points at which provide our products makes the emblem appealing,” Malik stated.
Da Milano sells 3 brands — Da Milano, Rosso Brunello and Wooba.