V Mart Retail news and archive

V-Mart on expansion spree, to open new stores next fiscal

Value fashion and lifestyle products retailer V-Mart Retail, which primarily operates in smaller towns, is planning to invest Rs 100 crore next fiscal to open new stores and set up a new warehouse. The company is evaluating a omni-channel (offline and online retail) strategy to expand business and reach its customers. V-Mart primarily operates...

Retail

V-Mart may launch omni-channel retail model soon

Delhi-based V-Mart Retail is studying the ecommerce model to launch an omni-channel retail initiative that would blend its offline and online stores. With over 100 physical stores in the country at the moment, the company also aims to open 50 new stores eyeing a three-fold growth over the next two years. The company posted a 24.05 percent...

Retail

V-Mart to go online next year

Following the list of physical retailers, who are launching their ecommerce ventures, now even V-Mart has decided to go online next year. The company will launch its mobile app-based platform to sell products under its portfolio. Planning to follow an omni-channel strategy, the company will make deliveries from its existing stores. The...

Business

V-Mart Q4 net profit up 46.79 per cent to Rs 1.6 crore

Multi-brand retail chain V-Mart has reported 46.79 percent increase in its net profit to Rs 1.60 crore for the fourth quarter ended March 31, 2015. The company had posted a net profit of Rs 1.09 crore during the January-March period of previous financial year. V-Mart's total income from operations during the quarter under review increased by...

Apparel

V-Mart to open 200 stores over next 4 years

Multi-brand retail chain V-Mart plans to expand its store network by opening about 200 stores in non-metros overthe next four years. The plan is to add up to 25 stores every year. The company retails clothing options in Tier II and III cities. Plans are also in the pipeline to venture into the Northeast and Southern regions. The company recently...

Apparel

V-Mart reports decline in Q4 net profit to Rs 1.09 cr

Multi-brand retail chain V-Mart reported a marginal decline of 4.3 percent in net profit to Rs 1.09 crore for the quarter ended March 31, 2014. The company had reported a net profit of Rs 1.14 crore during the same period of previous financial year, company stated in a filing to the BSE. Despite a decline in profit margin, net sales increased to...

Apparel

FII investments in V-Mart cross the set limit

Foreign investors can no more be able to buy shares in home grown fashion retailer V-Mart Retail, as the foreign shareholding in the company has crossed the permitted limit. The Reserve Bank of India (RBI) has said that the foreign shareholding in the company through Foreign Institutional Investors (FIIs) has crossed the overall limit of 24...

Fashion

V Mart Retail in 100 New Cities by End of Next Fiscal

V Mart Group’s flagship company V Mart Retail, a company engaged in hyper market stores, is chalking out retail expansion plans for the brand. They plan to expand to 100 cities by the end of fiscal year 2011, which would take the total retail area to over 10 lakh sq. ft. in Tier II and Tier III cities. Lalit Agarwal, Managing Director, V Mart...