Saturday, January 16, 2010

T-Mart Plans 50 More Flagship Store by June 2010 in Tamil Nadu


T-Mart plans to open 50 more flagship store to be opened in Tamil Nadu by June 2010. Talking to Sai Shankar (head of flagship vertical) said , "we are planning to open 50 more stores in Tamil Nadu by June 2010 . The Franchise Vertical is separate and will expand with their own target of 100 more stores in the next year ".30 Stores in Chennai , 20 Stores in Rest of Tamil Nadu to be added within 5 months says Sai Shankar . "We have signed 12 store in the last month alone which will be opened in Coonoor , Kodaikanal , Chennai , Coimbatore & Maduri . We plan to expand more on the Rural market too " ...

Friday, January 15, 2010

Respect Russia - PGC Retail



PGC floats its 100% wholly owned subsidiary in Moscow 'Royal Tex Russia'. The brand Respect Russia will be retailed in Russia and be available in most of the major department stores across Russia and other individual stores . "We concentrate on both corporate and retail business as separate verticals in Russia " , said Ranjan (Director of Operations , Russia - PGC Retail). The company plans to increase its network via mixture of key accounts , distributors and agents .

Babyloons - Infants brand by Respect India



PGC Retail Launches an infants brand for India market called 'Babyloons' . The brand focuses to cloth knitted garments for 0 to 18 months old babies . Initially the brand will be 100% knitwear item with anti-microbial finished garment which is a special wash removing bacteria from the garment to protect the kid . Talking about the pricing strategy , babyloons will not be priced very high like a luxury brand . Ramesh the GM of PGC Retail said "The market has not many players and specially not any big players , we are the first and we want to be a quality player not a volume player in this brand ". Babyloon will soon be available in Tamil Nadu , Karnataka , Mumbai , Maharashtra , Gujrath , Delhi , Punjab & Hayarana .

BELIND - Belgium & India


PGC Retail floats a Joint Venture in Belgium for its retail business . The Name BELIND is derived from - Belgium & India ." BelInd will concentrate on understanding the market initially before opening its own stores in the coming years .BelInd will also provide brand management solution for upcoming brands in Belgium in terms of sourcing and network retailing " , says Aadith.D.Vikram (VC&MD - PGC) . "Upcoming brand like Kokoboom & Nugami are been today served by BELIND . The CEO & Owner of In-Joy will also be the CEO of BelInd ". The business focuses on giving sourcig solution for upcoming brands in belgium and also aid them in setting up retail centres in belgium . It plans to also open its own retail chain in the near future .

PGC Retail - Switcher India

"PGC Retail will focus on knitwear retail business in India" say Ramesh (GM-PGC Retail) . " We have been retailing in India for the past 10 years with our swiss brand "Switcher" and are planning to expand its presence in India in a larger way . We are at present only available in Mumbai and few other parts in Indiaand we will focuses to expand the foot print across the country in the coming years . We plan to expand immeditly into Western & Souther India initally to have 2000 POS before Dec 2010" said Mr.Ramesh .