Koutons to consolidate business, expects increase in rev
Press Trust of India / New Delhi Nov 26, 2009, 14:35 IST
Retail firm Koutons India today said it is planning to consolidate its businesses by amalgamating various chains under the format-- Koutons family stores.
The company is also expecting to increase its revenue by 32-35 per cent this fiscal.
"Our focus is to consolidate and expand to make available all our products under one single roof as a part of this we will be upgrading our exclusive mens stores into 'Koutons family stores' which will provide our entire range," Koutons Retail President Balvinder Singh Ahluwalia told PTI on the sidelines of Franchise India Summit 2009 here.
He said the company will upgrade 100 Koutons men outlets into family stores by end of this fiscal.
Besides, the company is also expanding its retail chain to 1,500 outlets by March 2010.
"We will be opening 100 more stores this fiscal to take our retail chains strength to 1,500 stores from the existing 1,400 outlets," he added.
Asked about the companies likely turnover this fiscal he said "last year we had a turnover of Rs 1,000 crore and this year we are looking to grow by 30-35 per cent."
He further said the company would focus on its recently launched 'k2one' range of casual denim wear as part of its growth strategy.
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