Future Group, India’s largest retailer, is all set to overhaul its home solutions retail concept ‘HomeTown’ to ensure the brand turns profitable.
The process will include inviting partners and concessionaires to each store, changing the product mix, reorienting store organisation and bringing in the right mix of people.
The move follows a double-digit decline in store sales growth in 2009 for Home Solutions Retail (India), which runs HomeTown stores, as consumers postponed purchases of new homes. Home Solutions Retail (India) is Pantaloon Retail India’s (PRIL) largest subsidiary by revenues, contributing almost Rs 595 crore in the half-year period ending December 2009.
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Tuesday, February 16, 2010
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