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Bangalore:
The Future Group''s Home Solutions Retail Ltd, which retails electronics, consumer
goods, furniture and home improvement products, is expected to be the largest
contributor to the group''s revenues this year. Home
Town is a home-making and home improvement store that markets products and services
required to set up a home. Group company Future Money provides in-house financing
options to the business. Talking
to the media at the launch of the Home Town at Bangalore, Kishore Biyani, Group
CEO, said that E-Zone and Home Town, two of the group''s retailing brands have
shown growth rates of 70-90 per cent. He added that Home Town would record a turnover
of Rs200 crore this financial year. According
to the company, in the five months since the launch of the first Home Town, Future
Money has financed about Rs52 lakh worth of consumer billing, with around 30-40
per cent customers opting for financing their home needs. According
to Jacob Mathew, founder-director of Idiom Design and Consulting, the group''s
in-house design venture, Home Town is not a store like the widely prevalent western
chain Ikea. Instead, Home Town targets women shoppers, and has modelled itself
on the ''Don''t-do-it-yourself'' principle.
also see : Other
reports on Future Group
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