Home / Knowledge / News / Apparel/Garments / Biggest value retailer Megamart turns 15
Biggest value retailer Megamart turns 15
18
Dec '08
Megamart, the retail arm of India's largest integrated textile manufacturer and leading branded apparel & retailer, Arvind Ltd., just turned 15.

On December 14, 1994, Megamart launched its first value retail outlet in Mahadevapura. This concept quickly gained favour among shoppers and soon Megamart grew into a preferred family shopping destination, spreading delight all over by enabling huge savings on quality brands, making the latest fashions affordable to one and all. Megamart symbolizing the fashion and value conscious urban youth aspirations, completely transformed the Indian Retail scene and ushered in the era of Value Retail in India.

Speaking on the joyous occasion, Mr. J Suresh, CEO - Arvind Brands & Retail said, “The last 14 years haven't been easy, but thanks to the immense support of our customers, employees and stakeholders, we have led the value retail revolution in India and will continue to do so. And now as we enter our 15th year, it is time for us to thank everyone who has helped us in our journey so far. I look back at those last 14 years with immense pride and joy and look forward to the coming years with great optimism and with a vision of turning India into the retail hub of the world.”

Megamart operates over a network of 130 stores in 45 cities across India, and has no plans of stopping. Amid its anniversary celebrations, Megamart is now stepping into the next major growth phase. Plans are afoot to aggressively expand the retail footprint in the next four years. The company plans on setting up another 15 to 20 Megamart Savings Malls around 400 small format stores across India, expanding to over 2.5 million square feet of retail space. Keeping in tune with this expansion and evolving customer expectation, the company has recently adopted a bold red and white identity that has today become a symbol of quality and value for money.

Mr. KE Venkatachalapathy, COO, Megamart adds, “Like our customers, Megamart too is extremely value conscious and therefore understand that a rupee less is a rupee saved. The company is very watchful in every rupee spent. Today, Megamart has the lowest operational costs in the industry, ensuring further savings for our customers. But this does not mean a compromise in quality. Megamart holds intensive training programmes for its front-end staff, so that every customer is not just happy, but delighted”

Megamart today operates in 2 formats- large and small and both house some of the best Indian and international brands The highly popular large-format outlet centre, designed by JHP, is developed around the concept of housing a large number of brand outlet stores in the same location. The outlet stores offer a wide range of high quality brand name merchandise in a concentrated space at value prices. The store houses some of the best brands in apparel, personal electronics, luggage, footwear & accessories and brings in a great combination of international shopping experience at par with some of the best retail chains in the world.


Must ReadView All

Courtesy: The White House

Textiles | On 21st May 2018

China, US put trade war on hold

Following weeks of uncertainty over imposition and counter-imposition ...

Equate posts best Q12018 results since inception

Textiles | On 21st May 2018

Equate posts best Q12018 results since inception

Equate Group's first quarter results for 2018 are the best since its...

Over 60% retailers already have IoT platforms: IDC

Apparel/Garments | On 21st May 2018

Over 60% retailers already have IoT platforms: IDC

Retail organisations are adopting IoT platforms and more than 60 per...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Igor Chapurin
Chapurin

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

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search