Home / Knowledge / News / Textiles / Alok industries plans mammoth expansion of its retail network
Alok industries plans mammoth expansion of its retail network
26
Jun '08
Alok Industries is planning to make its presence all the more prominent in the domestic market by making huge investment of nearly Rs 400 million in 2009. The unit aims to expand retail chain network as it wants to lessen its reliance on US market which is witnessing recession at present.

In an exclusive interview with Fibre2fashion, Mr Sunil Khandelwal, Chief Financial Officer (CFO), Alok Industries stated, “We are looking at the expansion of retail network in India under the brand 'H&A' as a strategy to penetrate in the local market. These stores are targeted towards mass market which is the fastest growing segment.

“They will be complete family stores that would house garments for kids, teenagers, men and women. The retail chain will be opened on leased premises on pan-India basis. It would be combination of both Franchisee model as well as company managed stores.

“These outlets will sell home textiles products including bed sheets. The retail expansion in the domestic market is not directly connected with US. As far as export market is concerned, US makes a contribution of 35 to 40 percent from the total overseas earnings.”

While giving detailed information about H&A stores Mr Sunil asserted, “We propose to increase our number of stores to about 125 by March 2009 from present 24. With estimated investment of about Rs 400 million towards this and the same would be met out of our internal accruals and debt.”

The CFO further divulged,” The Group also has a chain of stores aggregating to 205 in UK which operates under brands 'Store 21' and 'qs'. These stores are value proposition and sell garments, home textiles, home ware and accessories like shoes, bags and jewellery. The number will further increase during this year through arrangement with other supermarkets. Besides this we are not looking at any other market for the time being.”

Alok industries is also looking at the options of exploring other lucrative markets of Europe, Latin America and Middle East in near future.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Pexels

Fashion | On 23rd Jun 2018

Nigerian bank launches N1 bn fund for fashion entrepreneur

Nigeria’s Bank of Industry has set aside 1 billion Naira (N) to...

Courtesy: Tayal

Textiles | On 23rd Jun 2018

Tayal textile factory in Algeria starts exports to Turkey

Algeria’s largest textile factory, the joint Algerian-Turkish company ...

Courtesy: Manhattan Beachwear

Fashion | On 23rd Jun 2018

Manhattan Beachwear in global partnership with BCBG Group

Manhattan Beachwear, the largest swimwear manufacturer in the US, has ...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Apurva Kothari

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

Urmil Arya

Sushila International, a well established textile organisation established ...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Mark Paterson
Technical Absorbents Ltd

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

Johan Berlin
InvestKonsult Sweden AB

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Adriano Goldschmied
AG Jeans

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

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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