Shree Ganesh Jewellery to increase its retail presence

The Kolkata based jeweller, Shree Ganesh Jewellery will invest Rs 500 crores in its expansion plan. Most of the funding will be met through internal accruals, while a part will be raised through debt.

Post By : IJ News Service On 20 October 2012 1:21 PM
Bitten by the economic slowdown, retail sales at Saks has taken a beating. The retailer noted a slide of 4.2 percent in its November sales which amounted to $332.9 million. The company believes that its November 2008 sales have been impacted by the retail calendar shift, with seven fewer post-Thanksgiving shopping days than last year. Its comparable-store sales dipped 5.2 percent in the month. %% Sales reflected a preference of women’s designer apparel, handbags, women’s and men’s shoes, and men’s contemporary apparel, over jewellery, which has been a strong category for the retailer during the year until recently.

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