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 27th Feb 2017

Surat to get a mega textile park, centre of excellence

The textiles ministry is positively working on the proposals for a...

Apparel/Garments | On 27th Feb 2017

Myanmar sets up new committee to revise minimum wage

The Government of Myanmar has set up a new committee, replacing an...

Courtesy: Invista

Textiles | On 27th Feb 2017

Invista explores alternatives for apparel & textile trade

Invista, one of the world's largest integrated producers of chemical...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

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

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Giorgio Mantovani
Corman S.p.A

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Prathyusha Garimella
Prathyusha Garimella

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Silvia Venturini Fendi
Fendi s.r.l

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

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search