Malabar Gold & Diamonds opens its 1st showroom in Mumbai

It is their first flagship showroom in Maharashtra and 87th worldwide, with an aim to set up 40 more showrooms across India which includes showrooms in Rajkot, Mumbai Kurla, Pune, Nasik, Ahmedabad, Jaipur and Gurgaon before the end of the year.

Post By : IJ News Service On 10 April 2013 2:47 PM
Rajesh Exports is preparing to consolidate its entire retail portfolio consisting of two chains – Shubh and Laabh under its Shubh retail identity, reports say. This decision is the outcome of the economic slowdown which has caused the retail environment to become sluggish, reports say. During the financial year 2008-09, the company has witnessed a 30 percent fall in its retail sales, which amounted to INR100 crore. %% The company believes that consolidation would enable stronger brand identity and facilitate easy operations. ‘Shubh’ and Laabh’ were launched in 2007; Shubh caters to the gold jewellery segment for the mass and middle markets; Laabh addresses the high-end jewellery segment. Presently three Shubh outlets are under operation. %% The company has already begun its retail consolidation plans, and has converted three of its 27 Laabh stores into Shubh stores. The entire consolidation is expected to be completed within six months.

Be the first to comment

Leave a comment

Related News

Malabar Gold & Diamonds opens first store in Latur

  • Retail News - 29 March 2024 1:03 PM

P N Gadgil Jewellers Limited Files DRHP with SEBI

  • Retail News - 28 March 2024 10:55 AM

Aukera Unveils Unique Lab-grown Polki Diamond Collection

  • Retail News - 22 March 2024 6:01 PM

Bulgari Dazzles with "Roman Holi"

  • Retail News - 18 March 2024 1:43 PM

Malabar Gold & Diamonds Opens Latest Store in Omaxe Chowk

  • Retail News - 18 March 2024 9:28 AM

Email Alerts

WhatsApp Alerts