Saturday, April 21, 2007

Pantaloon scales new heights

Pantaloon Retail reached new heights in sales figures. The company added some 450,000 sq ft of retail space in March 2007 alone. The new properties were 7 new Pantaloon stores, according to JP Morgan analysts Vijay Chugh and Latika Chopra. Their report states that Pantaloon retail’s sales grew to Rs 2.6 billion, up by 84%, while its value retail segment sales grew by 74%, lifestyle retailing grew by 24%, and home retailing grew by 10% at Rs 286 million.

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