Biyani holds an optimistic decision about the Future Group

The Future group CEO, Kishore Biyani earlier was not in the favour of online retail because he believed that physical retail is a threat to e-commerce. But after the biggest e-commerce deal between Walmart and Flipkart where 77 per cent stake has been acquired by Walmart for 16 billion US Dollar. Biyani just after this […]

appareltalk
May 11, 2018
5 Comments
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Apparel and Textile News Retail News

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 […]

appareltalk
September 13, 2017
28 Comments
161 Views

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Brand Factory To Open Around 250 Stores In 5 Years

Fashion discount retail chain Brand Factory, which is a part of Kishore Biyani promoted Future Lifestyle Fashion, plans to open around 250 stores in next five years. “Initially we planned to be 100 stores by 2020, but back on the response we received from our recently concluded ‘50 per cent Anything & Everything’ sale last […]

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April 21, 2017
9 Comments
222 Views

Apparel and Textile News Retail 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 […]

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March 21, 2017
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Future Lifestyle Fashion Q3 net profit falls to Rs 15.94 crore

Future Lifestyle Fashion Ltd (FLFL) part of Future Group, today reported a 18.94 per cent fall in net profit at Rs 15.94 crore for the third quarter ended December, due to higher expenses. Its total income from operations during October-December period was up 21.24 per cent to Rs 1,064.01 crore as against Rs 877.55 crore […]

appareltalk
February 13, 2017
5 Comments
133 Views

Apparel and Textile News Trade Info 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 […]

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January 20, 2017
3 Comments
171 Views

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FEL to sell 16% stake in Future Lifestyle for Rs.380 cr

The home grown retail major Future Enterprises (FEL) will be selling 16 per cent stake in Future Lifestyle for Rs.380 crore. FEL owns the physical assets or the store formats and infrastructure assets in the stores of Future Retail and Bharti retail. Future Enterprises was carved out of restructuring of Kishor Biyani led Future group. […]

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December 21, 2016
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FLF Launches High Definition Store in Delhi

Redefining the fashion and lifestyle retailing concept in India, Future Group launches its first ever Next Generation Central Store at Aerocity in World Mark 3. The flagship retail format of Future Lifestyle Fashions, Central is a chain of fashion departmental stores located in central areas of large Indian metropolises and cities. Central stores are large-format […]

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September 19, 2016
3 Comments
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Retail News Apparel Brands and Companies

FLF has raced past Shoppers Stop in Retail Sales

Four years ago, Kishore Biyani was shunted out by both K Raheja Corp and Landmark Group when he approached them to merge his department store chain Central with Shoppers Stop and Lifestyle. The most embarrassing part, however, was when bankers refused to reveal the valuation that both retailers had quoted for central. The same year, […]

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September 12, 2016
6 Comments
180 Views

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Future Lifestyle Fashion Q1 Net Jumps 42.3 % To Rs.3.53 Cr

A part of Kishore Biyani-led Future Group, Future Lifestyle Fashion Ltd (FLFL) reported 42.3 per cent increase in its standalone net profit at Rs.3.53 crore for the first quarter ended June 30. The company had posted a net profit of Rs.2.48 crore in the April-June quarter a year ago, FLFL said. FLFL’s net sales were […]

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August 8, 2016
5 Comments
95 Views

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Kishore Steps Down As MD Of Future Retail

Future group chairman Kishore Biyani has resigned from the post of managing director of Future Retail Ltd as part of realignment of the group’s business, Future Retail said in a BSE filing. Another managing director as well as director of the company, Rakesh Biyani has also resigned as part of a restructuring to execute the […]

appareltalk
May 3, 2016
2 Comments
165 Views

Apparel and Textile News Retail News

Double-Digit Growth by Retailers over Online Bonanza

Leading brickand-mortar retailers are seeing double-digit surge in their same-store sales this Diwali season despite top online rivals’ big discount sales last month, signalling a sharp reversal from last year’s trend. Top retailers such as Future Group, Arvind Brands, Shoppers Stop, Vijay Sales, Puma and Max report buoyant demand over the past two weeks. Future […]

appareladmin
November 5, 2015
5 Comments
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Tag: Kishore Biyani

Biyani holds an optimistic decision about the Future Group

Future Lifestyle Q1 net profit jumps by 33%

Brand Factory To Open Around 250 Stores In 5 Years

Expansion of fashion retail format by Future Group

Future Lifestyle Fashion Q3 net profit falls to Rs 15.94 crore

Central & SBI Card Launch Premium Co-Branded Card

FEL to sell 16% stake in Future Lifestyle for Rs.380 cr

FLF Launches High Definition Store in Delhi

FLF has raced past Shoppers Stop in Retail Sales

Future Lifestyle Fashion Q1 Net Jumps 42.3 % To Rs.3.53 Cr

Kishore Steps Down As MD Of Future Retail

Double-Digit Growth by Retailers over Online Bonanza