Titan’s eyewear division has decided to exit the large format store channel within a quarter as it is seeing stagnant growth there. Titan had a presence in over 200 such stores across the country, including at Shoppers Stop, Lifestyle, and Central.
It has already exited from over 70 Lifestyle stores, and work is on to shut shop at Shoppers Stop.
“Typically, we sold sunglasses through this channel, and being discretionary, that category has been stagnant for some time. Covid has taken a serious toll and recovery is going to take even longer now,” said Saumen Bhaumik, chief executive officer of