Garment firm Oracle forays into retail
\nEconomic Times, India<\/p>\n
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CHANDIGARH: Lifestyle garment manufacturer, Oracle today said it is planning to set up a garment retail chain, entailing an investment of Rs 10 crore by March 2014.<\/p>\n
“We are planning to open about 10-12 outlets, which would showcase our entire range of garments,” Oracle Managing Director Sanjeev Singla told reporters here today.<\/p>\n
The company would initially start its operations from northern region and gradually move to other states, he said.<--more--><\/p>\n
Presently, Oracle is selling its garments through franchise outlets in several states including Punjab, Jammu and Kashmir, Haryana, NCR, Himachal Pradesh, Uttar Pradesh, Bihar, Jharkhand, Delhi and West Bengal.<\/p>\n
The company is in talks with several foreign-based clothing retailers for manufacturing garments under their brands.<\/p>\n
It would also extend its product portfolio in order to offer wide range of garments at their outlets, Singla said.<\/p>\n
“Presently, we manufacture winter wears such as jackets, pullovers, coats, formal wear for both men and women. We have now decided to manufacture jeans and trousers too,” Singla said.<\/p>\n
The Ludhiana-based company, which did a business of Rs 15 crore last fiscal, targets to achieve a turnover of Rs 25 crore by March 2014.<\/p>\n","protected":false},"excerpt":{"rendered":"
Garment firm Oracle forays into retail Economic Times, India CHANDIGARH: Lifestyle garment manufacturer, Oracle today said it is planning to set up a garment retail chain, entailing an investment of Rs 10 crore by March 2014. “We are planning to open about 10-12 outlets, which would showcase our entire range of garments,” Oracle Managing Director […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"\n