Even though the overall sales of Consumer Durables and White Goods companies grew by modest or were flat in some cases, Future Group’s various retail formats recorded same store sales growth in October-2008. It is critical to watch Nov sales data to get a more realistic picture.
Future Group added a new format – Ethnicity. The first store was opened in Ahmedabad and has an area of 25,000 sq ft. This format offers, leading ethnic wear and fusion wear brands, handicrafts, home decor and beauty products under one roof. While it is still early days to gauge the impact, we credit management for innovation and deep consumer insights.
The following Chart shows Monthly Area Addition of various Retail Formats of Future Group.
The chart below shows sales trend across Future Group’s Value, Lifestyle and Home segment.
Data Courtesy: PRIL & Merill