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Loot on a 30cr expansion spree

26 Mar '07
1 min read

Loot Retail Private Ltd, multi-brand discount store is planning for an expansion by opening 25 stores by March 2008.

Loot will invest Rs30 crores for this growth. The company is already operating through existing 18 stores in India.

The Loot brand anticipates to cross Rs100 crore turnover by March 2009 and currently it has a turnover of Rs25 crore and it is expected to touch Rs65 crore by next fiscal year.

The Loot store offers brands such as Nike, Reebok, Adidas, Levis, Pepe Jeans, Provogue, Benetton, Lee, Arrow, Old Navy, Gap and Banana Republic.

The company has plans to open its store in Aurangabad, Nagpur, Surat, Baroda, Mysore Bangalore, Chandigarh and Raipur.

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