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Pantaloon's Nov lifestyle retailing sales up

Dec '05
Pantaloon Retail (India) Ltd reported the sales results for November 2005.

The 22nd Big Bazaar was opened in Lucknow on the 17th of November. Spread over 60,000 square feet, product categories in the store include apparel and accessories, toys, plastics, home décor products, utensils, home appliances, gift articles and much more for the entire family.

Lucknow, the capital of Uttar Pradesh became the latest city to be enveloped in the Pantaloon fold. The company set up three stores in the city in a fortnight, these comprised of Pantaloons, Big Bazaar and Food Bazaar. With this, the company now has presence in three cities in Uttar Pradesh, one of India's largest and most populous states.

Mumbai got its 4th Pantaloons store on the 6th of November. The 16th store in the Pantaloons chain was launched in Borivili, a suburb of Mumbai. The store occupies an area of around 30,000 square feet. The citizens of Lucknow woke up to Fresh Fashion on the 1st of December with the launch of the 17th Pantaloons store

The 20,000 square feet store is located at Hazratganj, the prime-shopping district of the city. In 2004-05, Diwali, the festival of light was celebrated in November, while in the current year, Diwali was celebrated in October.

Sales in November 05 from Value Retailing stood at Rs.95.51 crores, while Lifestyle Retailing had sales of Rs. 44.75 crores. Same store growth under value retailing was (0.82) percent and under Lifestyle Retailing (3.38) per cent.

From a humble beginning in 1987, Pantaloon as today evolved as a leading manufacturer-retailer in the country with 16 Pantaloon stores and 21 hypermarkets(Big Bazaar), 33 Food Bazaars, 3 central, 2 Fashion Station, 2 aLL and 1 MeLa store operational across the country. It has been a remarkable journey for PRIL as its evolved from a manufacturing to a completely integrated player controlling the entire value chain.

Pantaloon Retail (India) Ltd

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