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.