V Mart news and archive

V-Mart plans to open 20 new stores this fiscal

V-Mart will open 20 new stores by the end of this financial year. Around Rs 40 crores will be spent to open these stores. As of now, there are 253 V-Mart outlets. The stores, whose average size is 8,000 sq. ft. will be mainly in Tier II and III cities. While it took V-Mart around 12 years to open 100th store, and less than four for the next 100,...

Business

V-Mart’s Q4 grows 16 per cent, same store sales too moves up

For the fourth quarter V-Mart’s revenue was up 16 per cent. Same store sales growth was 3.5 per cent. For the full year revenue was up 17 per cent. Same store sales growth was 3.7 per cent. V-Mart Retail is a value fashion retailer. With almost one-third of store openings happening in the fourth quarter, substantial retail network expansion...

Retail

V-Mart targets reaching 1,000 towns in next few years

Delhi-based retailer V-Mart’s plan is to reach 1,000 towns over the next few years. V-Mart has operations in 172 cities across 17 states as of now. The retail chain has 218 stores spread across West Bengal, Uttar Pradesh, Chandigarh, Haryana, Gujarat, Jammu and Kashmir, Madhya Pradesh, New Delhi, Punjab and Rajasthan. Besides apparel the company...

Retail

Aditya Birla Fashion Retail relaunches ecom website

Aditya Birla Fashion and Retail has re-launched its e-commerce website aiming to grab a slice of the country’s lucrative online fashion retail market with a revamped hybrid offline-to-online e-commerce model. India’s thriving e-commerce sector is largely driven by the country’s rising purchasing power, which is currently the second largest in...

People

Govind Shrikhande joins V-Mart as independent director

International store chain V-Mart has appointed Govind Shrikhande as independent director of the company effective from November 2, 2018. Shrikhande has a rich cross-functional experience spanning a range of industries including textiles, apparel and retail. He was previously with Shoppers Stop, where he began as Vice President of Buying &...

Retail

V-Mart plans to add 35 new stores this fiscal

Multi-brand value retailer V-Mart Retail is planning to expand its retail network by adding around 35stores by the end of this fiscal. The company presently operates around 182 stores. As a part of its expansion plans, V-Mart is now entering into Northeast region and will open four stores in Assam this month. It aims to have 20 stores in the...

Business

V-Mart aims to have 300 stores pan India

Multi-brand value retail V-Mart is targeting having 300 stores across India in the next three years. The retailer has 178 stores operational in the country mostly spread across Tier II, III and IV cities. Net profits were up 147 per cent for the quarter ended March 2018 while revenues increased 18 per cent. About 80 to 85 per cent of the group’s...

Retail

V-Mart Retail opens two new stores

V-Mart Retail has opened two new fashion stores, one each in Bihar and Uttarakhand. With this, the total number of stores in Bihar has gone up to 33 fashion stores and five composite stores; while in Uttarakhand the number of stores has increased to seven fashion stores. The retail chain now owns 177 stores across 149 cities in 14 states...

Business

V-Mart’s sees 23 percent jump in Q2 revenue

V-Mart the value fashion retailer has seen a spurt in its Q2 revenue which has increased 23 per cent; ebitda went up 207 per cent while profit after tax (PAT) was up 494 per cent. Same store sales have gone by eight per cent. Eight new stores were opened during the quarter out of which four were in Jharkhand, two in West Bengal, one in Bihar and...

Retail

V-Mart expands retail network in UP, Orissa and Bihar

V-Mart Retail has added new store in UP, Orissa and Bihar. The three new fashion stores take the tally of stores up to 17 composite stores and 48 fashion stores in UP, Orissa: 3 composite and 8 fashion stores; while Bihar has 5 composite and 29 fashion stores. This takes the total number of stores to 160 in 136 cities across 14 states, with 37...

Business

V-Mart clocks in 39 per cent increase in Q1 operations revenue

V-Mart’s Q1 operations revenue is up 39 per cent while EBITDA has risen 107 per cent. Profits after tax went up 139 per cent for Q1 FY18. Happy with the spectacular performance , CMD Lalit Agarwal, CMD says the quarter saw a longer marriage season and preponment of EID which helped boost growth. He acknowledged the efforts of team V-Mart for...

Retail

V-Mart organizes ‘Sehyog’, a program for its business associate

V-Mart Retail, the value for money apparel retailer invited around 500 business associates to its flagship business associate program called ‘Sehyog’. The program was organized to strengthening SMEs and empowering small businesses to enhance their business competence and contribute to the ‘Make in India’ vision. V-Mart proactively supports...