Brandhouse’s revenue up 14%

Brandhouse Retail’s reported Rs 1,421 million as revenue for the first quarter ended June 30,

2010, a rise of 14 per cent. Brandhouse is a leading fashion retailer with a well-established brand portfolio. Its unique business model and great penetration in Tier II-III cities, by setting up new stores, have improved brand visibility and strengthened its market position. Currently, its total number of operational stores has gone up from 726 to798. Efforts at improving cost rationalization and same store sales have facilitated improved operational efficiency.

Brandhouse Retails remains optimistic about achieving continued growth for the coming quarters as the current quarter performance is in line with the estimates drawn by the company for the financial year. The confidence is driven by a strong brand portfolio, which caters to all socio-economic segments, consistently growing same store performance and reviving consumer sentiment.

Brandhouse Retails was established as a pure play retail organization. Its retail expertise extends from mid-price to the lifestyle and luxury segment. Driven by a team of specialists with experience in retail and brand building, their proficiency is focused to retailing of fashion wear -- textiles, apparels, home textiles and fashion accessories.  Brandhouse Retail currently manages the retailing of brands through exclusive brand outlets across India these include Reid & Taylor, Belmonte, Carmichael House, Stephens Brothers and Dunhill.