Tuesday, December 12, 2006

Pantaloon to set up standalone stores for its private labels

The Hindu Business Line reports that Pantaloon Retail is planning to set up exclusive stores for its in-house brands such as John Miller, Bare, Ajile and Rig. According to Bina Mirchandani, Head (Category Management) for Pantaloon Retail, "Today our private labels generate between 75 per cent and 80 per cent of our revenues. Some of these brands have taken a natural level of growth in certain areas and we are thinking of exclusive stores for them." Pantaloon has 20 private label brands at present and its ladies ethnic wear brand Akkrruti is likely to grow over 50%. One of the main advantages of private brands is higher margins and greater control.

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