Indochino will open up to 20 retail showrooms in North America this year.
The Vancouver-based custom men’s brand, said the expansion will be concentrated on the East and West Coasts of the U.S. The first will open in Cobble Hill in Brooklyn on Jan. 18. Other locations will include Greenwich, Conn., Manhasset, N.Y., and Paramus, N.J., followed by a second unit in Boston and a fourth in the Greater Toronto area. Three showrooms will open in California, in Roseville, San Diego and San Jose, plus Portland, Ore., and Bellevue, Wash.
Indochino ended 2018 with 38 showrooms.
The brand is also expanding its categories. Last year, it began offering chinos and outerwear and will begin offering casual shirts by summer as well as an expanded assortment of custom suits, dress shirts and formalwear.
Indochino said it posted a 43 percent increase in sales in 2018 with a compound annual growth rate of 55 percent and positive earnings before interest, tax, depreciation and amortization for the second consecutive year. The company declined to provide more specific figures.
Drew Green, president and chief executive officer of Indochino said the company doubled its retail footprint in 2018 and is ready to “explore more new markets while profitably growing our existing markets, introduce consumers to exciting new custom products and push the boundaries of what it means to be a world-class retailer.”