Arvind strengthens its retail biz
Arvind, a denim manufacturer has plans to increase
July 23, 2010 | comments ( 0 ) |
Arvind, a denim manufacturer has plans to increase its revenue to Rs 800 crore in 2013-14.
The denim manufacturer has the plans to double the revenue generation from Rs 400 crore to Rs 800 crore. To reach the target the company has earmarked investment of Rs 300 crore on an incremental basis.
“Arvind is moving from a business-to-business model to business-to-consumer model. Over the next three years, we will be building on the brand Arvind and the direct retailing business,” said Mr Kulin S Lalbhai, Chief Manager-Retail, Arvind Ltd.
The company has further plans to open its EBOs (exclusive brand outlets) to strengthen its fabric retail business.
Thus, the company is geared up to work on two prolonged approach to strengthen its indigenous retail business. Arvind would also pursue an aggressive strategy of category and retail channel expansion, for which the company was in the process of investing close to Rs 100 crore.
- Microsoft starts retailing of Amazon Echo devices online and in stores
- ShopClues launches its first offline store in Lucknow
- Crocs opens its 100th store in India
- Williams-Sonoma, Inc. announces partnership with Reliance Brands for India Market
- Instant noodle brand YiPPee crosses Rs 1,000 crore sales mark
- Myntra CEO & CFO quit
- Levi Strauss plans to launch IPO
- Coffee Day Enterprises profit up by 60% in Q2 results
- Ecommerce to contribute 11% of FMCG sales by 2030: Nielsen
- Perpule Raises $4.7 million in Series A to Fuel Omni-Channel Retail & Consumer Commerce in India