Pantaloons news and archive

Aditya Birla Fashion and Retail expand retail footprint with 150 new stores

Store expansion is a key focus area for Aditya Birla Fashion and Retail. Some 150 stores will be opened in this quarter alone. The company has a network of 2,999 stores in India, along with 6,200 point of sales in department stores across the country. Strong demand during the wedding season in October and November followed by severe winter in...

Retail

Walt Disney’s Frozen collection launched in India

Pantaloon has launched a special Frozen collection for toddler and junior girls which includes printed joggers, leggings, sweatshirts and sweater dresses with interactive prints, fancy sequins and appliques and footwear featuring the film’s characters. Its new range for toddler and junior girls captures the movie’s essence and allows the little...

Business

ABFRL posts Rs 70 crore profit in Q3

Aditya Birla Fashion & Retail posted 100 per cent growth in net profit to Rs 70 crore for the third quarter of the financial year 2018-19, ending December 31, 2019. The company had posted a net profit of Rs 35 crore during the corresponding period last year. Aditya Birla Fashion & Retail will see its lifestyle brands continue their growth...

Business

Aditya Birla Fashion Retail’s Q2 revenue up 11 per cent

Aditya Birla Fashion and Retail’s Q2 revenue is up 11 per cent. Ebitda is up 62 per cent. For the first half, ebitda is up 56 per cent and revenue 10 per cent. Madura recorded a spectacular 52 per cent ebitda growth in this quarter and revenues rose 13 per cent. Madura's business consists of brands like Louis Philippe, Van Heusen, Allen Solly,...

Fashion

Pantaloons to host 7th Edition of SIIMA in Dubai

The seventh edition of SIIMA, the biggest and the most viewed South Indian Film Awards, will be hosted by leading fashion retail chain Pantaloons from September 14-15, 2018 in Dubai. This partnership will bring together the best of fashion and film fraternity on the same platform. For this festive season, Pantaloons will display ensembles for...

Retail

In women’s segment, ethnic wear holds bigger share

Ethnic wear currently constitutes 50 per cent of the total women apparel sales. Arun Sirdeshmukh, Business Head of Amazon India, says women’s ethnic wear is the most popular category on Amazon Fashion. The company is witnessing a shift in demand from saris and dress materials to size categories like kurtas at a much higher pace compared to...

Retail

Pantaloons revamps three stores in north India

Leading family fashion retail chain by from Aditya Birla Fashion and Retail, Pantaloons, recently unveiled new and transformed look for three of their existing stores in Allahabad, Kanpur and Lucknow. The revamped stores are bigger in terms of space, down-lighters and modular fixtures. The sprawling avtar also features an aesthetic design and a...

Business

ABFRL looking for 49 percent stake in Bestseller India

Aditya Birla Fashion and Retail (ABFRL) is looking to buy a 49 per cent stake in Bestseller India. Bestseller India is the Indian arm of the Danish apparel company Bestseller and owns Vero Moda, Jack & Jones, and Only, brands that are aimed at millennials. Bestseller India’s pan-India presence over the last two years has increased and it hopes...

Business

Aditya Birla Q3 revenue up five per cent

For the third quarter of financial year 2017, Aditya Birla Fashion and Retail’s standalone revenue increased by 5.1 percent year on year. This was primarily driven by an increase in Pantaloons outlets revenues by 12 percent. Pantaloons contributed 39 percent for the quarter. EBITDA for the quarter fell by 8.8 percent with a corresponding margin...

Retail

Pantaloons shuts shop at High Street Phoenix; makes way for Zara

Bad news for regular visitors to Pantaloons at High Street Phoenix. Today, the branded apparel player owned by Aditya Birla Group is downing its shutters to make way for Zara. In April last year, Big Bazaar, owned by Future Retail moved out of Phoenix to accommodate Swedish retailer Hennes & Mauritz (H&M). While Zara already anchors Palladium,...

BusinessFeatured

Physical stores record growth as discount schemes vanish from e-tailing

Brick and mortar retail stores are witnessing record growth as discount schemes seem to vanish from the online fashion portals. With the lure of discount offers fading away from the online fashion portals, the sales growth is back in the physical stores. Future Group’s Central and Brand Factory, Aditya Birla backed Pantaloons and Trent’s West...

Business

Discounts hurt Madura sales in April-June quarter

Sales at Madura Fashion and Lifestyle, which has premium brands, fell three per cent in April-June, the second consecutive quarterly drop. As the company refrained from deep discounting to protect brand value, volumes fell, impacting the unit’s operating profit. Price discounts on online platforms and frequent sales drives are unsettling Aditya...