Archies plans international expansion, up to 20 new India stores

Gifting and accessories retailer Archies plans to expand into global markets to reach new customers and is looking into locations such as the Middle East, the UK, Canada, and Southeast Asia. The business also aims to open between 15 and 20 new stores in India during the 2025 financial year.

Archies plans to open the India stores as company owned outlets, India Retailing reported. The business will focus on high streets and malls in North India for its new launches. Targeting 150% overall growth in the 2025 financial year, Archies is also expanding its online operations and is in talks with the Open Network for Digital Commerce to join its platform.
 
The business has seen its sales through quick commerce platforms pass Rs 6 crore and is eyeing between 150% and 180% growth in quick commerce sales this fiscal year. This would take the business to its sales target of Rs 15 to Rs 18 crore for the segment.
 
Archies has partnered with businesses including Zepto, Blinkit, and Swiggy Instamart for quick commerce deliveries to select 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,” said Archies Limited’s executive director Varun Moolchandani, India Retailing reported.