Provogue (India) Ltd. is looking at its turnover growing 40 - 45 per cent
basis its retail expansion, according to Bipin Gurnani, president, Provogue.
to Gurnani, the company is planning to set up 40 Provogue stores, and four discount
stores under the Promart brand by March 2008. Gurnani is also CEO of Promart.
company estimates its capital expenditure at about Rs33 crore for this expansion.
Provogue India had reported a net profit of Rs16 crore on revenues of Rs238 crore
presently has 116 stores, and has set up one Promart store in Ahmedabad.
says that the company plans to launch a Provogue store every 10 days in cities
that have an appetite for its brand of clothing. Provogue''s strategy is to saturate
all markets that can accept its product.
Ahmedabad, the next Promart store is underway at Indore. Promart stores will typically
admeasure an average of 45,000 sq ft, which will house discounted merchandise
for all branded apparels and non-apparels, including foreign brands.
prohibitive real estate prices in tier-1 cities, the company plans to set up Provogue
and Promart stores in many mini-metros, tier-2 and tier-3 cities. The company
says setting up a Provogue store requires an investment of about Rs60 lakh. The
company will invest up to Rs3 crore for setting up each Promart outlet.
stores will cover a floor space of between 1,000 to 6,000 sq ft., and the company
has plans to set up most of these within malls and/or high streets.
a brand extension, Provogue India plans to extend the brand to ''bed and bath''
retailing, and plans to sell bed and bath products through its existing retail