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Stop achieved a gross retail turnover of Rs. 34.05 billion( US $ 544 million).
As India’ s leading retailer, Future Retail Limited serves customers in 95 cities across the country through around 10 million square feet of retail space. Under Future Fashion, the company owns a portfolio of 24 leading brands. Future Lifestyle Fashions Limited operates popular brand stores, department stores and multi-brand outlets including Central, Brand Factory, and Planet Sports. FLF also owns and retails over 25 fashion brands. Its fashion brands include Cover Story, aLL, UMM( Underground Music Movement), Lee Cooper, Bare Casuals, Scullers, Indigo Nation, Spalding, RIG, Converse, Lombard, Daniel Hechter, Clarks, Celio, Mother Earth and many more. UK clothing and hardware retailer Laura Ashley has partnered with Future Group to make and sell merchandise as well as wholesale distribution in India.
Future Group’ s value fashion format FBB plans to invest Rs. 350 crore to open about 140 exclusive outlets as it aims to double turnover in the next two years. Out of these planned 140 new exclusive stores, 40 will be opened in the current fiscal year. At present, FBB retails its products through 385 points of sales in Big Bazaar stores, including 62 exclusive outlets.
Aditya Birla Retail Limited is the retail arm of Aditya Birla Group, a US $ 41 billion corporation. Fashion brands of Aditya Birla Fashion and Retail Ltd( ABFRL) include Louis Philippe, Van Heusen, Allen Solly and Peter England. It also includes India’ s first fast-fashion youth brand, People; India’ s largest fully integrated fashion multi-brand outlet chain, Planet Fashion; India’ s largest premium international brand retailer, Aditya Birla Fashion which has also announced that it will acquire exclusive online and offline rights of Forever 21, an American fast-fashion brand, in the Indian market.
Raymond Group is one of the oldest retail players in India and was established in 1925. Raymond Ltd. Group is well reputed for its eponymous brand of clothing and superior quality fabrics. The parent company is the world’ s largest manufacturer of integrated fabrics. Raymond Group owns over 1,100 showrooms in nearly 400 cities of
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Indian retailers / brands also on a roll …
On the other hand, Indian brands such as Fabindia( India’ s largest private platform for products that are made from traditional techniques, skills and hand-based processes), W, BIBA, AND, Allen Solly, Van Heusen, Being Human, etc., are also quite successful in the domestic market with extensive plans for expansion. And there are hundred of small brands which are on the path of achieving popularity. The major Indian companies that account for a large chunk of Indian retail are: Future Group, Arvind Brands, Reliance Retail, Shoppers Stop, Trent, V2Retail, V Mart and Tristar Retail.
Arvind Lifestyle Brands is home to many international brands like Gap, The Children’ s Place, IZOD, Ed Hardy, Aéropostale, Gant, Hanes, Arrow, Flying Machine, Cherokee, US Polo, Elle, Excalibur, Nautica, Calvin Klein, Sephora, Unlimited, Geoffery Beene and Ruggers. In the meanwhile, Provogue( India) Limited, a public listed company, is a menswear fashion brand of contemporary clothing available through more than 350 doors across 73 cities pan-India. Reliance Retail operates some 419 stores across India for top foreign brands including Marks & Spencer, Vision Express, Quicksilver, Diesel, and others.
On the other hand, the mass market has two major players – V-Mart and V2 Retail. VMart Retail primarily operates in Tier-2 and Tier-3 cities and across northern, western and eastern parts of India. The company currently operates 109 stores across 91 cities and offers fashion garments at down-to-earth prices, targeting over
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four-fold jump in revenue to touch Rs. 2,500 crore( US $ 391.71 million) by 2020 with smaller towns expected to be its key growth drivers. V2 Retail Limited is one of the fastest growing retail groups in India selling apparel and non-apparel products. Currently, V2 Retail Limited is managing 1,90,000 sq. ft. space with a turnover of Rs. 300 crore( US $ 45.4 million) in FY 2015-16.
Today, Tristar Retail Private Limited is also recognised as one of the leading players in retail running branded stores across India. The company has established association with leading brands in India like Reebok, Levis, John Players and Levis Signature with 150 individual branded stores and presence across 47 cities and 9 states. Another retailer to watch out for is Trent that owns and manages a number of retail chains in India. The company runs lifestyle chain Westside, one of India’ s largest and fastest growing lifestyle retail stores. It has 73 stores across India, which offer clothes, footwear and accessories for men, women and children. Fashion Yatra represents the stores that bring quality fashion at low prices to value-conscious customers in towns across India.
Shoppers Stop Limited( SSL) is India’ s prominent retail group and a pioneer in the organised retail industry of India with 74 stores in 33 cities. Shoppers Stop offers a wide assortment of national and international brands across categories such as fashion apparel, accessories, cosmetics, perfumes, home and kitchenware. With a strong business model, the company is well equipped for a stable growth trajectory. In FY 2014 – 15, Shoppers
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ESSENTIALS
The market for apparel and lifestyle products in India is currently estimated at US $ 85 billion and is expected to reach US $ 160 billion by 2025. This exciting retail space is attracting many international players besides home-grown brands and retailers.
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