Tuk Tuk Translocates to Portugal for Expansion
Spanish children's fashion brand Tuc Tuc has announced its plans for growth in the international market, with a focus on Spain and Portugal. The company currently operates 22 points of sale in the Spanish market and aims to increase this number significantly.
In 2011, Tuc Tuc launched five stores in the Valencia region, which is considered important for the brand's growth in Spain. The brand has also opened its first monobrand space in Portugal, located in the Amoreiras Shopping Center in Lisbon. Tuc Tuc has already had a presence in Portugal through multimodal points of sale.
The brand's forecast for 2011 is to bill approximately 32 million euros, a significant increase from the 22 million euros recorded in 2009. Tuc Tuc plans an expansion process in the Portuguese market during the coming year, with the aim of starting operations in the Italian market as well.
In addition to Portugal and Italy, Tuc Tuc is present in several international markets, including Saudi Arabia, Bahrain, Dubai, Abu Dhabi, Kuwait, and Qatar. The brand has opened a total of twelve stores in these markets, and plans to open monobrand stores in China and the United Arab Emirates in 2012.
Tuc Tuc obtained almost 50% of its turnover from international markets this year, demonstrating the brand's success in reaching a global audience. With its focus on expansion and growth, Tuc Tuc is poised to continue its successful journey in the children's fashion industry.
