• Kabir Lumba, managing director of the Rs 500-crore Lifestyle, informs that the company is targeting 50 per cent growth in next 3 years. The expansion plans include taking Lifestyle stores from its current count of 12 to 36, and Home Centres from 5 to 15.
• Hong Kong-based kidswear company Keona Kidz plans to re-launch its brand in India. It will be retailing through MBOs like Ebony. With an initial investment of US$50,000 the brand targets the higher middle-class customers. Apart from the North, it plans to capture the southern and central India markets including Bangalore, Hyderabad and Mumbai.
• Tony Brett, Retail Management Consultants Ltd, feels that brand loyalty is not present in the United Kingdom and Europe because the shoppers desire to have their individualistic style and purchase what they want from a plethora of shopping points.
• To share its knowledge and expertise with retailers in tier II cities, JLL Meghraj is expanding its network in towns like Ludhiana, Lucknow and Bhubaneshwar. The company will open its offices in these cities shortly. The company is also projecting to grow by 30-35 per cent, targeting a turnover of $100 million by 2009. There are plans to bring in international hospitality majors and provide services to the big retail chains and malls in the country.
• Select City Walk is all set to open an exclusive mall dedicated to women and children, with more than 50 fashion stores. The mall will also have special facilities for children including feeding rooms, nappy changing stations, clinic and day care/crèches. Considering that the mall will primarily be for women, the company plans to employ only women – from class four to the top level officials.
Pantaloons will be the anchor store in the mall with an area of 20, 000 square feet. Besides, there will be a special section dedicated to beauty and fragrances by K Raheja Kaur, across 15, 000 square feet. In addition to international brands like Tommy Hilfiger, Calvin Klein, Charles and Keith, and French Connection, the mall will also be host to ethnic brands like Fab India and Kalpana Sarees, as well as various Indian designerwear stores. When asked on his future plans, Pranay Sinha said, “I plan to make the women of Delhi get hooked on to this mall and offer them a unique shopping experience by housing the best brands under every category possible.”
