Home / Knowledge / News / Textiles / United Retail to invest Rs500 mn for retail expansion
United Retail to invest Rs500 mn for retail expansion
19
Dec '08
United Retail Pvt Ltd, the Delhi based brand is now entering into apparel retail segment with an investment of Rs500 million for setting up nearly 80 stores for its kids wear brand Urban 10.

According to sources, the Company, that earns an annual turnover of Rs1000 million from its kids wear export, is currently eying a peofit of Rs7 to Rs8 million from each retail outlets, which the Company is planning to expand over five years.

United Retail started their domestic kidswear business by launching Urban 10 brand in January this year, and plans to set up the first retail outlet by January 2009.

The Company is in discussion with some major retail players, like Lifestyle and Shopper's Stop, for selling its kids wear.

Available statistics show that in India, the kids wear market for children with in the range of 1-14 years age group is nearly Rs120 billion and mere 8 percent of it is organised.

United Retail intends to be among the top by 2011.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 6th Dec 2016

Garments, yarn export entitlement quota extended for 1 yr

Indian government has extended the export entitlement quota for...

Textiles | On 6th Dec 2016

Cash inflow will revive sales: Textile industry

The textile industry representatives are hopeful of revival of...

Courtesy: SIMA

Textiles | On 6th Dec 2016

Amma gave special attention for textile growth in TN: SIMA

Former Tamil Nadu chief minister J Jayalalithaa paid special...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Steve Cole
Xerium Technologies

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Judy Frater
Somaiya Kala Vidya

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

Bani Batra

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

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