Lifestyle International news and archive

Lifestyle International’s managing director to exit in June

Vasanth Kumar is set to exit as the head of Lifestyle International-India, a part of Dubai-based retail and hospitality conglomerate Landmark Group that runs popular formats such as Lifestyle, Max, and Home Centre in India. Kumar will transition from his full-time role as managing director, Lifestyle International, effective June 30, 2020....

Retail

Lifestyle shelves plans to expand private label stores

Lifestyle International has shelved plans to expand exclusive exclusive outlets for its private labels and franchised brands. The retailer now plans to sell these brands through ecommerce sites and online marketplaces apart from the Lifestyle stores. Lifestyle has already shut down 12-odd standalone stores of Bossini - a Hong Kong-based...

Retail

Spending low during end of season sales

Customers are continuing to hold back on optional spending in categories such as television, home appliances, fashion, lifestyle and apparel posting poor sales in the October-December quarter, with no recovery in sight in January as well, despite almost all brands and retailers running end-of-season and Republic Day sales. As per white goods...

People

Vasanth Kumar is the new MD of Lifestyle International

Dubai-based retail and hospitality conglomerate, Landmark Group, the parent company of Lifestyle, Max Fashion, Home Centre, Spar Hypermarkets and EasyBuy, has appointed Vasanth Kumar, Executive Director, Max Fashion India as the new managing director of Lifestyle International. He will be giving strategic direction and execution to Lifestyle and...

Business

Lifestyle eyes 20-25 percent growth over the next three years

After registering 30 percent rise in its sales in FY14-15, at a time when most physical retailers were negatively impacted with the advent of ecommerce platforms and their discounting strategies, Lifestyle International is bullish about its future. The company is looking at 20-25 percent year-on-year growth, for the next three years to become Rs...

Retail

Lifestyle International to launch Landmarkshops.in

Lifestyle International that owns departmental store Lifestyle, home goods store Home Centre and fashion brand Max is all set to launch its online store Landmarkshops.in by early 2016. For now, Max is sold through fashion portal Jabong. The Dubai-based retailer, already operates Landmarkshops.com, for last four years in the Middle East. The...

Retail

Lifestyle to launch three separate ecommerce platforms

Dubai-based Landmark Group, Lifestyle International plans to follow the ecommerce route for all its three retail formats in India. To begin with, the company would launch e-store of Lifestyle, the large format departmental store, followed by Home Centre and Max. Ecommerce has become the way forward for most of the multi-brand retailers like...

Fashion

Same-store sales growth in March-end cheers apparel retail

Same-store sales growth achieved by top apparel retailers at the end of March 2014, compared to the FY13 figures has brought much awaited respite to the apparel retail scene. Despite deterrents like high inflation and low consumer sentiment, sales growth at store saw a healthy 10-20 percent rise against 6-8 percent, last year. Same-store sales...

Fashion

Spring/Summer range revives consumer response

With the launch of their latest vibrant styles for Spring/Summer range, brands and apparel retailers are witnessing a surge in footfalls and sales at their outlets across the country. While the apparel industry has been at the receiving end so far due to high rentals, low consumer sentiment, high inflation, slow economy and several other...

Apparel

Max Retail to open 20 new stores

Max, the lifestyle apparel brand of Lifestyle International has worked up an aggressive retail expansion plan. It is planning to launch stores in Tier II, III cities across India by opening 20 new stores with an investment of Rs 100 crores by the end of financial year 2013-14. Eyeing demand in smaller towns, the company wishes to make affordable...

Fashion

Lifestyle surpasses Shoppers Stop

Ratings agency Fitch has forecasted a stable outlook for the retail sector in 2012 as factors such as expected sales growth-driven expansion and efficient working capital management are likely to benefit retail companies. No wonder, a lot of retail companies are focussing on expansion despite experiencing sluggish growth last year. Dubai-based...

Fashion

Republic Day Sales: Retailers on a new high

Even though recent reports by Deloitte Touche Tohmatsu and Stores Media, suggest that retail outlook for India in the short term is a bit cloudy. Yet Indian retailers are a cheerful lot. As their continuous efforts to woo the customers back to store are paying off. The ongoing end of season sales, freebies and schemes are pulling shoppers back...