Max Retail news and archive

Max Retail strengthens leadership team with new CFO

Max Retail, the business-to-business (B2B) marketplace helping independent retailers and brands turn excess inventory into revenue, has appointed former Moda Operandi executive Hoddi Hafsteinsson as its new chief financial officer. Hafsteinsson is a seasoned executive with a track record of scaling luxury fashion and retail businesses. During...

Retail

Brick and mortar retailers see great festive sales

Sales for India’s top apparel retail chains grew in double digits this festive season. Same-store sales grew eight to 15 per cent. For Shoppers Stop, sales during the six weeks to Durga Puja were up by 19 per cent over the same period last year and in double digits for Diwali. Beauty products, women’s shoes and handbags, ethnic wear, personal...

Apparel

Max Fashions to partner top eretailers to boost growth

Private label clothing chain Max Fashions, plans to sign an exclusive deal with either Flipkartor Amazon to sell its merchandise online. The move comes at a time when e-commerce is increasingly becoming a popular medium of retailing and reaching out to consumers. Max Fashions is also aiming to double its revenues to about Rs 2,000 crores by...

Apparel

Auchan, Max Hypermarkets end retail partnership in India

In a joint statement released by both Max Hypermarkets and Groupe Auchansaid that they have put an end to their two-year-old partnership after failing to convert it into a joint-venture in India. In August 2012, the Croix, France-based Auchan had signed a licence agreement with the Landmark group which operates 13 Max Hypermarkets in the...

Apparel

Max opens 11th store in Mumbai

Landmark Retail’s Max fashion and lifestyle has launched its 11th outlet in Mumbai at Infiniti Mall, Malad. The 10,600 square foot store offers more than 10,000 designs across apparel, footwear and accessories. Max crossed the Rs 1,000-crores sales mark in FY’14 making it India’s fastest growing apparel brand to hit the mark after it entered the...

Apparel

Max Fashion plans to triple its store count

UAE’s homegrown brand Max Fashion, part of the Landmark Group, which has already established a presence in 15 countries, has plans to triple its store count to 750 within 5 years, to achieve the revenue target of 3 billion dollars (Rs 18,570 crores) per year. The company is currently valued at 1.2 billion dollars and has 250 stores in the Middle...

Apparel

Excise Relief: Retailers pass on benefits to customers

While the slow economy and rising inflation has led to low consumer sentiment, apparel brands and retailers are witnessing a positive buying season. They have even recorded better quarterly sales and margins. Thanks to the 10 per cent excise duty exemption on branded apparels, many industry players were able to pass on the benefit to their...

Apparel

Max launches high fashion collection

Max has recently unveiled a new line of high fashion clothing for young women inspired by Miss India, at its stores. The high fashion collection has been created especially by the Max design house to mark their collaboration with Miss India in its golden jubilee as the official fashion partner. The show witnessed glamorous and peppy dresses,...

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...

Apparel

Lifestyle International plans Rs 400 cr investments in India

Kabir Lumba, MD, Lifestyle International says the company is planning Rs 400 crores investment for retail expansion in India. He says the company is looking opening 6-8 stores of Lifestyle and about six stores of Home Centre in the next 2-3 years. Apart from these, they also plan to launch 15-25 stores of Max, 5-10 stores of Bossini each year....

Apparel

Lifestyle plans more stores

Lifestyle International, part of the $3.2 billion Dubai-based Landmark group, is planning to open 35 to 38 departmental stores, in its various retail formats, in the next three years. The group is entailing an investment of Rs 480 crores for the three year plan. The group has stores such as Lifestyle, Home Centre, Max stores, besides the...

Apparel

Max Retail to open more value fashion stores

Max Retail, part of the $3.2 billion Landmark Group of Dubai, is aiming to double its current turnover of Rs 200 crore in the next 12 months as it opens around 20 more value-fashion stores across the country. The firm, which sees immense potential in the estimated Rs 40,000 crores value-fashion market in India, has invested between Rs 3 crores...