Home / Knowledge / News / Apparel/Garments / V-Mart plans massive expansion this fiscal

V-Mart plans massive expansion this fiscal

02
May '08
V-Mart, one of leading apparel retail store of India, is all set to seize a bigger market share this year, with 24 new outlets across nation. The retail chain aims to double the earnings by reaching nearly Rs250 crore in 2008-09, in comparison to Rs101 crore, it fetched last fiscal.

Recently, Abhishek Jetia, Vice-President, V-Mart Retail, disclosed that, the total capital required for expansion is approximately Rs50 crore.

This time, the firm wants to penetrate into tier ll and lll cities, like Ambala, Moradabad, and Moga, as these samll towns are expected to have huge market potential. The company also aims to attain pan India presence this year.

The retail giant plans to open 'V-Galz', a showroom that will have latest and mosh stylish garments as well as trendy accessories for women. There will be around 100 stores nation wide on franchise basis.

Experts believe that, although the retail trend is at nascent stage in the country, it is slowly making its way and big garment manufacturing units are putting all the efforts to grab this lucrative opportunity and make profits out of it.


Must ReadView All

Pic: University of York

Textiles | On 30th Nov 2020

UK scientists working to reduce textile industry waste

Scientists at the University of York and the Royal College of Art are ...

Pic: Material Exchange

Textiles | On 30th Nov 2020

Material Exchange raises €5 million for sustainability

Material Exchange has announced the closing of a €5 million funding...

Pic: Shutterstock

Apparel/Garments | On 30th Nov 2020

Gap reports sales of $3.99 bn in Q3 FY20

Gap Inc, a US-based specialty apparel company, has reported its...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

There's lot more potential in women than what we are witnessing today

Top executives, Textile industry, India

Top executives
Textile industry, India

The event should be organised every year

Textile Industry, Head honchos

Textile Industry
Head honchos

Opportunity now to reimagine processes & systems in a digital environment

Puneet Jain & Yatin Jain,

Puneet Jain & Yatin Jain

Odhni is an indutva or ethnicwear brand started in 1999 by the Jain...

Valter De Carli,

Valter De Carli

Savio Macchine Tessili is at the head of a group that holds a know-how of...

Paolo Crespi,

Paolo Crespi

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

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

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

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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


November 2020

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


Advanced Search