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    Videocon forays into consumer durables through NEXT

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    has entered consumer durables retailing space through NEXT. NEXT is the new version of Plugin Sales, which was owned by Raymond’s group and bought by group latter.

    Videocon registers net losses of Rs 190 cr in March
    Standalone net sales declined 10.1 per cent to Rs 2,768.07 crore in January-March as against Rs 3,079.27 crore a year ago.

    This move has put the company in a bit of a tight spot, by this move it doesn’t want to rub its other partners like Vivek’s, or Mony the wrong way. Plugin sales opened first in 2002, but failed to generate the response it expected. Though sources in Videocon say that this is just one of the investment moves and there is nothing more to this.