The jewelry brand Singularu continues its expansion in the retail sector. The opening of its first establishment in the province of Cádiz has been crowned as the company’s 25th store. This new store is located on the ground floor of the Bahía Sur shopping center. It joins the two establishments that the brand has open in Andalusia, one in Seville and the other in Malaga.
This new store in Cádiz is unique in that it follows the franchise model that the company is consolidating over the last year. In fact, it is the fifth Singularu franchise together with the stores in Castellón, Logroño and another two in Zaragoza. It is also the fifth location that the brand has opened so far this year. This is part of the expansion strategy that the brand has planned for the coming months.
Between what remains of 2022 and during 2023 we plan to open more than 40 new physical points of sale. A figure that we hope to reach thanks to the support of entrepreneurs who dare to open a Singularu store as a franchise.
Cristina Aristoy, CEO and co-founder of Singularu.
Another of the objectives pursued by the brand for this 2022 is to achieve a turnover of 16 million euros. 60% more than the previous year. The opening of new physical points of sale that complement your online store has a special weight.
The inauguration took place last Friday, May 27 at 6:00 p.m. The clients who came to the store were able to benefit from raffles, offers and discounts, such as a 2×1 for the first hundred purchases.
About Singularu
Singularu is a brand of jewelry made in Spain. It pursues the idea of offering the latest trends in quality accessories at a fair price, promoting and supporting trade and the local economy. The brand aims to democratize the world of jewelry. They want to make a sustainable luxury for all those people who want to explore their style and personality through accessories.
The company was founded in 2014 by entrepreneurs Cristina Aristoy and Paco Tormo. It was born as a native digital brand in the business incubator Demium Startups and continued its journey through other powerful accelerators such as Conexión Spain and Lanzadera. Currently, in addition to their online store, they also have 25 physical stores throughout Spain.