Future Group Archives | Apparel Resources
Home » Tag » Future Group

# Future Group

Future Group announces demerger of home retail business

India-based Future Group has announced demerger of its home retail and e-commerce home retail businesses into a single entity. The newly formed entity would be called Praxis Home Retail. It will on core format of small and big retail stores. “This is demerger of the home retail business. We are separating the speciality retail and would concentrate on the small-store and big-store retail,” Future Group CEO Kishore Biyani was quoted as saying by a leading […]

Share: 

P&G inks deal with Future Group

A deal akin to the one Procter & Gamble (P&G) has with Walmart, has been shaped between P&G, the world’s biggest consumer goods company, and India-based Future Group, led by Kishore Biyani. The deal has been forged between them for joint sales forecasting and planning, exclusive product releases. P&G’s global CEO David Taylor is currently in India for the MoU. “It will help us to grow sales, and for P&G it will lead to an […]

Share: 

Future Group plans to open 35 new FBB stores this fiscal

Kishore Biyani-led Future Group, a prominent player in the Indian retail and fashion sector, is planning to open as many as 35 standalone FBB apparel stores in the fiscal year starting this April. Last year, the retailer opened 53 FBB stand-alone outlets and also sells its products within 282 Big Bazaar hypermarkets. Also, FBB is mulling to slash its entry price points by around 4-5 per cent to woo customers. “We’ve done a lot of […]

Share: 

Future Group to streamline its businesses

Kishore Biyani-led Future Group, a prominent player in the Indian retail and fashion sector, is planning to shut its HomeTown brand (home furnishings business) and Planet Sports (sportswear arm), with a view to scale up revenues of apparel segments by up to four times by the year 2021. Also Read – Future Group to sell Laura Ashley’s merchandise in India Future Group is also expected to cut down prices of fashion products to attract more customers. […]

Share: 

Future Group to sell Laura Ashley’s merchandise in India

Future Group, a prominent player in the Indian retail and fashion sector, has scripted a deal with the UK clothing and homeware retailer Laura Ashley, a Welsh textile design company now controlled by the MUI Group of Malaysia which runs about 450 stores globally, to make and sell its merchandise in the Indian market. “We are trying to bring aspirational products within HomeTown as there is enough potential in the market. We are reworking on […]

Share: 

Indian fashion retailers for digital measures to retain market potential

Fashion retail shops progressively want to retain potential purchases lost due to unavailability of products, ranges or sizes. It is estimated that as much as a fifth of sales are lost as customers don’t find their size or product in stock. For that matter, they are creating digital networks to cover the same. India’s largest value-fashion brand by revenue, Max, estimated nearly 10 per cent of its customers are lost due to non-availability of products. Consequently, […]

Share: 

Brand Factory raises Rs. 115 crore revenue during 3-day ‘Free Shopping Weekend’

Future Group’s fashion discount chain, Brand Factory recorded a business of Rs. 115 crores during the 3-day Free Shopping Weekend mega sale event that it recently organized; exceeding its expectations of doing Rs. 100 crore business, said a Future Group spokesperson. During the sale, customers shopped for merchandise worth Rs. 5,000 by paying Rs. 2,000 (note). Several other freebies like a free shirt and a Rs. 1,000 voucher were also offered. According to the spokesperson, around 25 per […]

Share: 

Brand Factory to touch Rs. 3,500 crore turnover by FY 2020

India-based Future Group firm Brand Factory is expecting a three-fold jump in turnover to Rs. 3,500 crore by fiscal year 2020 as it is increasing its reach across the country. The company, which reported a turnover of Rs. 950 crore in 2015-16, is looking at closing the current fiscal with net sales of Rs. 1,500 crore. Suresh Sadhwani, CEO, Brand Factory told a leading Indian daily, “We are expanding at a fast pace and are looking at […]

Share: