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Future Lifestyle Q1 net profit jumps by 33%

The fashion and lifestyle arm of Future Group, Future Lifestyle has announced a rise of 33 per cent in net profit to Rs 24 crore for the first quarter of the current fiscal year compared to the same quarter last year net profit of Rs 18 crore. “The revenue for the April-June months increased 29 per cent to Rs 1,031 crore, thanks to robust same stores sales of around 30…
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Apparel and Textile News

New distribution centres by Future Retail

Future Retail is planning to open new distribution centres in the country to ensure products reach stores fast, saving on costs as the Goods and Services Tax gets implemented from July 1, 2017. The company sees GST as an opportunity for retail sector to cut costs using efficient routes, thereby leading to price reduction and higher consumption. Future Retail joint managing director Rakesh Biyani said, "With the free movement of…
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Apparel and Textile News

Future Group unveils mega sale with flat 50% off

Future Group’s fashion discount chain Brand Factory, which is a part of Future Lifestyle Fashion has announced flat 50 per cent off on everything for everyone valid from June 7 to 11 across all its outlets to celebrate 10 years of retail journey in the country, the company in a statement today said. In addition to flat 50 per cent discount on all brands, consumers will get gift vouchers worth…
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Apparel and Textile News

Expansion of fashion retail format by Future Group

Future Group plans to open 80 new stores for its affordable fashion format FBB this fiscal to grow the store count which at present is 300, its CEO Kishore Biyani said. Biyani said the retailer plans to sell 23 crore units of garments by next year March and expects it to grow to 80 crore units by 2021. "Next fiscal, we are targeting Rs 10,000 crore sales from fashion and…
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Apparel and Textile News

Future Lifestyle Fashion Q3 net profit falls to Rs 15.94 crore

Future Lifestyle Fashion Ltd (FLFL) part of Future Group, today reported a per cent fall in net profit at Rs crore for the third quarter ended December, due to higher expenses. Its total income from operations during October-December period was up per cent to Rs 1, crore as against Rs crore in the corresponding period of last fiscal, Future Lifestyle said in a BSE filing. The company had posted a…
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Apparel and Textile News

Central & SBI Card Launch Premium Co-Branded Card

The State Bank of India (SBI) and Future Group have launched a co-branded credit card, jointly for the lifestyle departmental store Central. The card will offer benefits to premium lifestyle and fashion consumers. Since demonetization, card transactions have gone up from 61 per cent to 85 per cent at Central. “Future Group is looking to much more growth. The Group is targeting a revenue of ,500 crores for 2017-18 and…
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