Home / Knowledge / News / VF Arvind plans large format outlets across the country
VF Arvind plans large format outlets across the country
13
Feb '08
VF Arvind brand, the joint venture of US based VF Corp and Arvind Mills is planning to come up with big stores soon, as the retail outlets are getting popular among customers these days.

VF Arvind aim to give the consumers best available options under one roof. Price is an important aspect which needs to be taken care of as all brands should be on similar level.

While talking about the benefits, the brand, will get from the retail outlets, Mr K E Venkatachalapathy, Business Head - Mega Mart, in an exclusive interview with Fibre2fashion stated, “Arvind has been in Value Retail Business for the last 15 years through its chain of Megamarts of smaller size of 3000 to 5000 square feet. In that sense it is a pioneer in this business. Therefore it is logical to expand in the same business through large Format Stores. Arvind is planning to invest Rs400 crores in the next 5 years to achieve a turnover of Rs2000 crs from Value Retail”.

The Business Head further informed, “Our retail outlets will have many apparel and non-apparel brands from big business houses like Raymonds, Madura Garments, Levis, LMG and Arvind Brands etc”.

Mr K E Venkatachalapathy divulged that the joint venture with a ratio of 60:40, is going to require an investment of Rs400 crores. The Top 20 cities will have 30 Large Format Stores covering an area of 40,000 to 70,000 square feet and Small Format Stores, spanning 3000 to 5000 square feet will be opened in other 100 cities.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Prathyusha Garimella
Prathyusha Garimella

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search