Home / Knowledge / News / Apparel/Garments / V-Mart plans massive expansion this fiscal
V-Mart plans massive expansion this fiscal
02
May '08
V-Mart, one of leading apparel retail store of India, is all set to seize a bigger market share this year, with 24 new outlets across nation. The retail chain aims to double the earnings by reaching nearly Rs250 crore in 2008-09, in comparison to Rs101 crore, it fetched last fiscal.

Recently, Abhishek Jetia, Vice-President, V-Mart Retail, disclosed that, the total capital required for expansion is approximately Rs50 crore.

This time, the firm wants to penetrate into tier ll and lll cities, like Ambala, Moradabad, and Moga, as these samll towns are expected to have huge market potential. The company also aims to attain pan India presence this year.

The retail giant plans to open 'V-Galz', a showroom that will have latest and mosh stylish garments as well as trendy accessories for women. There will be around 100 stores nation wide on franchise basis.

Experts believe that, although the retail trend is at nascent stage in the country, it is slowly making its way and big garment manufacturing units are putting all the efforts to grab this lucrative opportunity and make profits out of it.

Must ReadView All

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Courtesy: Walmart

Apparel/Garments | On 18th Jan 2017

Walmart to create 34,000 new jobs in the US

The world’s biggest retailer and also the biggest US private sector...

Courtesy: UN Department of Public Information

Textiles | On 18th Jan 2017

World economy expanded by just 2.2% in 2016: UN

The world economy expanded by just 2.2 per cent in 2016, the slowest...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search