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Arvind Limited shuts 30 Megamart outlets
Posted On: 03-03-2016 00:00:00 16

As per a report in Financial Express

Arvind Limited is in the process of restructuring its strategy for its Megamart retail chain and has shut around 30 loss-making outlets in October-December. The company is likely to shut another 50 loss-making stores in the next couple of years.

According to the newspaper report, Arvind has also created a new value department chain branded Unlimited by converting large stores of Megamart that has been struggling to shed its discount format image and sell premium brands without discount.

 
 
 

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