Brand: The Loot Store
Industry: Retail/Multi-brand Discount Store
Location: Mumbai
The Loot is a multi-brand discount chain offering a wide range of products in apparel, footwear and accessories for men, women and kids with discounts ranging between 25% and 60 % on top national and international brands. In a time span of about 5 years now, The Loot has managed to expand to have 150 stores (40 company stores, 110 franchised) across 85 cities in 22 states with 3 Lac square feet operational area; among which, about 100 was setup in the period of recession. “We have avoided being inside the mall. Our property and operational has been very low. We had already gotten into Tier-2 & Tier-3 cities where recession did not really make much difference,” says Jay Mehta. The Loot has witnessed growth at 55 percent year on year, and currently is sitting at a turnover of 107 Crore, with a target of achieving 200 Crore this year. This self funded venture is looking at doing an IPO in the coming year.
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Founder: Jay Gupta |
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Investors: Self Funded, SBI Bank Funding |
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Key Clients: Puma, Madhura Garments, Reebok, Adidas, Nike, Levis, etc |
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Top-Line: 107 Crore |
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URL: www.thelootstores.com |
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Jay Gupta |
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