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Odel celebrates 25 years of fashion retail
Posted by Unknown on Tuesday, September 2, 2014 | 0 comments | Leave a comment...
Odel, Sri Lanka’s home-grown fashion retail brand, reached another milestone in its stated journey of vision, creativity and entrepreneurship when it celebrated 25 years of being in the business.
The only local fashion retail brand to gain traction on the international stage, Odel’s growth from unassuming, albeit colourful, beginnings to brand icon status encompasses several firsts that represent landmarks in the evolution of Sri Lanka’s fashion retail industry.
The business, which began with the sale of export surplus clothing from the boot of founder Otara Gunewardene’s station wagon when she was
in her early twenties, is now a chain of 20 fashion forward stores with annual sales in excess of Rs. 4.6 billion.
Since the opening of the first Odel store at Dickman’s Road, Colombo 5 in 1989, Odel has also launched and taken online fashion retail in Sri Lanka to new heights with its website, built several popular in-store brands such as ‘Backstage’ for accessories and ‘Delight’ for confectionary, established the unique cause-linked brand and community animal welfare programme ‘Embark’, gone public with a record-shattering IPO, floated a second chain of unique ‘Luv SL’ stores, and brought in overseas equity for major expansion.
Celebrating 25 years of style and the people who have propelled the journey so far, Odel will be launching a number of special promotions and events for its customers, as well as employees, in months to come.
Over the past two and a half decades Odel has emerged as an iconic department store and a brand that is often compared to Harrods and Harvey Nichols, and come to epitomize the definitive lifestyle and shopping experience in Sri Lanka. In recent announcements to the media and the Colombo Stock Exchange, the company has indicated that substantial expansion is on the cards.
The only local fashion retail brand to gain traction on the international stage, Odel’s growth from unassuming, albeit colourful, beginnings to brand icon status encompasses several firsts that represent landmarks in the evolution of Sri Lanka’s fashion retail industry.
The business, which began with the sale of export surplus clothing from the boot of founder Otara Gunewardene’s station wagon when she was
in her early twenties, is now a chain of 20 fashion forward stores with annual sales in excess of Rs. 4.6 billion.Since the opening of the first Odel store at Dickman’s Road, Colombo 5 in 1989, Odel has also launched and taken online fashion retail in Sri Lanka to new heights with its website, built several popular in-store brands such as ‘Backstage’ for accessories and ‘Delight’ for confectionary, established the unique cause-linked brand and community animal welfare programme ‘Embark’, gone public with a record-shattering IPO, floated a second chain of unique ‘Luv SL’ stores, and brought in overseas equity for major expansion.
Celebrating 25 years of style and the people who have propelled the journey so far, Odel will be launching a number of special promotions and events for its customers, as well as employees, in months to come.
Over the past two and a half decades Odel has emerged as an iconic department store and a brand that is often compared to Harrods and Harvey Nichols, and come to epitomize the definitive lifestyle and shopping experience in Sri Lanka. In recent announcements to the media and the Colombo Stock Exchange, the company has indicated that substantial expansion is on the cards.
