Home / Knowledge / News / Apparel/Garments / The Loot to hike retail footprint with 40 more outlets
The Loot to hike retail footprint with 40 more outlets
13
Jun '11
Mr Jay Gupta
Mr Jay Gupta
The Loot, a year-round discount clothing retailer with a network across India, now plans to open 40 more outlets, which will take its store count to 200. The Jay Gupta-led retailer chain offers discounts from a minimum of 25 percent up to 60 per cent, other than its various offers.

The Loot store has on its shelves national and global garment brands like, Lee Copper, Red Tape, Wrangler, John Players, Indian Terrain, Puma, Lee and many others. The Hindustan Times selected it as one amongst the 12 'Small ideas big changes' series and The Franchising World picked it up for the 'Top 50 business opportunities in India', both in 2008.

Mr Jay Gupta, MD - The Loot India Pvt. Ltd. told fibre2fashion, “We currently have over 160 stores in Tier I & Tier II cities and are looking forward to open around 40 more stores via franchisee model by July 2011, thereby reaching 200 stores which is our set target,”.

When asked about investment details, he said, “The investment varies depending on the location and the area of the store. Basically the investment required is between Rs 2.5-7.5 million. Our vision behind expanding at such a speed is to be the 'next door most loved global discount retailer'.”

“We also have an ecommerce platform. Ebay, Rediff, Naptol, Ibibo, etc are our partners for online selling”, he added by saying.

Speaking about their customer base, he informed, “Our target audience is the young professionals and college goers who feel the need to wear the aspirational brands at competitive prices. For them, 'The Loot' is a one-stop-shop to get branded garments at a discount all year round”.

Fibre2fashion News Desk - India


Must ReadView All

Polyester yarn price surge affects Surat textile industry

Textiles | On 22nd May 2018

Polyester yarn price surge affects Surat textile industry

The prices of polyester yarn have increased about 12-15 per cent in...

Provide power at Rs 8/kWh to textile units: APTMA

Textiles | On 22nd May 2018

Provide power at Rs 8/kWh to textile units: APTMA

All Pakistan Textile Mills Association (APTMA) has asked the...

Courtesy: Myntra

Fashion | On 22nd May 2018

Myntra to launch exclusive red carpet line at IIFA 2018

India’s leading destination for fashion online, Myntra, is all set to ...

Interviews View All

Anvita Mehra
Confidential Couture

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

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Hardik Sanghvi

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

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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