John Jacobs, the new age eyewear brand has expanded its retail footprints in the city with another state-of-the-art store at Westend Mall.
This development comes just after John Jacobs launched its first store in Pune’s Pavilion Mall two months back.
The store will retail the newest and trendiest range of eyewear launched by the brand. Currently, the catalogue consists of 600 SKUs featuring the most fashionable eyeglasses and sunglasses of the season.
On the launch of the second Pune store, Manan Duggal, Business Head, John Jacobs said “We have received a positive response from Pune ever since we opened our first store at Pavillion Mall. With another addition, we are looking at even heartier response. Currently, our presence in Pune has been giving us more than 5,000 orders every month and we’re expecting this retail expansion to accelerate our monthly orders remarkably.”
Ever since its inception in 2015, John Jacobs has been growing remarkably. It has achieved a 2x year on year growth and has clocked a revenue of 100 crores in the last financial year (2017-2018). In the next 3 years, John Jacobs expects to grow 10x in revenue whilst expanding to 50 retail stores across tier I, II and III cities of India.
With a unique value proposition, John Jacobs has been transforming the eyewear Industry which is currently monopolised by luxury eyewear labels controlled by the same syndicate. Moreover, due to middlemen at every step of production and distribution, luxury eyewear comes with huge markups. With a direct manufacture-to-retail model, John Jacobs removes the middlemen and offers premium eyewear in prices that are sensible.