Home Retail Pantaloon sales up 14 pc in May

    Pantaloon sales up 14 pc in May


    Kishore Biyani-led Pantaloon Retail India has clocked over 14 per cent year-on-year sales growth in May from its value, home and lifestyle retailing segments against the year-ago period.

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    Besides, the company's board has approved acquisition of online and offline rights of global brand Forever 21 for the Indian market.

    The Future Group firm, which has chalked out ambitious expansion plans, also plans to open nine additional Central malls by December 2009, it said in an investor update.

    The BSE-listed company’s three segments put together generated sales worth Rs 619.27 crore last month, against Rs 540.66 crore in May 2008, up by 14.54 per cent.

    Source: Mail Today