Home / Knowledge / News / Fashion / Grabal Alok UK reports a stellar performance
Grabal Alok UK reports a stellar performance
30
Jul '09
British value retailer Store Twenty One & QS (owned by the Mumbai based Alok Group), reported a significant turnaround in performance for the June 2009 quarter.

Gross sales grew by 4.9% to £25.9 mn during Apr-Jun 2009 compared to the £24.7mn recorded in the corresponding previous quarter. Cash Profit for the quarter was at £0.05 mn compared to a loss of £4.2 mn during Apr-Jun 2008. This was mainly achieved through various cost optimization measures which reduced overheads by £3.0mn during the current quarter compared to the corresponding previous quarter. The initial weeks of the second quarter appear to have maintained this momentum.

Commenting on the results, Managing Director, Alok Industries Limited, Dilip Jiwrajka said “It is heartening to see the results of the efforts and perseverance of Team UK paying off. The stores were able to weather the challenging times largely due better and more fashionable product offerings, significantly improved store ambience coupled with stringent cost reduction measures.

The continuing faith of its existing customers along with additional footfalls from new customers looking for great value, style and quality have also contributed to the turnaround. Stores have established excellent partnerships with its suppliers and it will continue to build on these relationships. The 'Store Twenty one' & 'qs' message is clear – offer great style, fashion and quality – at incredible value prices to surpass expectations”

Grabal Alok (UK) Ltd. (previously known as Hamsard 2353 Ltd.) is a UK based retailing company having 216 stores across England, Scotland and Wales. The Alok Group holds about 88% stake in Grabal Alok (UK) Limited. The stores offer value for money and quality fashion for women, men, girls, boys and babies. They also sell accessories like artificial jewellery, shoes and leather bags.

Grabal Alok (UK) Ltd


Must ReadView All

Courtesy: Fancycrave.com from Pexels

Apparel/Garments | On 22nd Jun 2018

EU's retaliatory duty on US apparel takes effect

As part of the three-pronged response outlined by the European...

NCC applauds House passage of farm legislation

Textiles | On 22nd Jun 2018

NCC applauds House passage of farm legislation

The National Cotton Council (NCC) of the US has welcomed the passage...

Courtesy: Roman Pohorecki from Pexels

Apparel/Garments | On 22nd Jun 2018

UK launches inquiry on sustainability of fashion industry

The Environmental Audit Committee of the UK Parliament has launched...

Interviews View All

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Hardik Sanghvi

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

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Steve Cole
Xerium Technologies

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Eric Scholler
Groz-Beckert

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

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Robert Brunner
Devereux

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

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


June 2018

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

news category


Related Categories:

Advanced Search