Home / Knowledge / News / Apparel/Garments / Indian retailer Promart launches two outlets

Indian retailer Promart launches two outlets

09
Feb '12
Promart Retail India Pvt. Ltd., India's multi-brand lifestyle retail chain, has opened two stores in Vadodara city of western State of Gujarat.

This has increased the number of Promart stores in the State to three, as the retailer had launched its first retail outlet in Ahmedabad, in November last year.

Promart stores offer an entire range of home furnishings, bed linen, and apparels and accessories for men, women and kids in all age groups.

Promart was launched by Provogue India in 2007, but it ran into crisis due to high overhead costs and stockpiling of inventories, following the 2008 global financial crisis.

Last year, Promart was acquired by VEMB Lifestyle Pvt. Ltd. and Apple Group of Companies for Rs. 9 million.

Over the next six months, the company plans to open outlets in several towns of Gujarat including Rajkot, Bhavnagar, Mehsana, Surat and Jamnagar.

During the current fiscal, the retailer plans to open 15 stores and plans to open 100 more stores in next fiscal 2012-13.

The firm would invest Rs. 1.5 billion for opening new stores and strengthening its infrastructure, Ashish Garg, Managing Director of Promart said.

Punit Agarwal, CEO of Promart, said, the stores will offer discounts on all 365 days a year and the percentage of discounts would increase as the stocks are shifted from Tier II to Tier III, IV and V towns.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 19th Feb 2020

CLMV nations urged to export goods items to Japan

Cambodia, Laos, Myanmar and Vietnam (CLMV) were recently encouraged...

Pic: Shutterstock

Apparel/Garments | On 19th Feb 2020

Turkey's apparel sector sets $19 bn export target in 2020

Turkey's apparel sector, which sold goods worth $17.7 billion to...

Pic: Waleeds / Shutterstock.com

Textiles | On 19th Feb 2020

Pakistan textile exports up 3.68% in July-Jan FY20

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Sunil Rathore, Lacoste India

Sunil Rathore
Lacoste India

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

Yash Agarwal, Hitansh Online

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Textile industry, Head honchos

Textile industry
Head honchos

RCEP was always going to be a double-edged sword

Paolo Crespi,

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

DP Kumar,

DP Kumar

Weaves is South India's premier textile fair organised by Texvalley in...

Ronald Van Den Broek,

Ronald Van Den Broek

Headquartered in Japan, Mimaki Engineering Co. Ltd. manufactures and...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

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

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Mary-Cathryn Kolb, Brrr°

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

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


February 2020

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


Advanced Search