HindustanTimes Sat,20 Dec 2014

Pantaloon sales in Pune down by 20 per cent: Biyani

PTI  New Delhi, August 13, 2009
First Published: 15:46 IST(13/8/2009) | Last Updated: 16:11 IST(13/8/2009)
The infectious swine flu, is now impacting retail sales, with the Future Group subsidiary Pantaloon Retail witnessing as much as 20 per cent fall in sales, at its Pune and Mumbai stores, the regions which have come under severe grip of the pandemic.

The company has temporarily shut down one of its outlets in Pune, while sales in Mumbai have also been affected, according to a senior official.


"Sales in Mumbai are down by 6-8 per cent, while in Pune they are down by around 20 per cent," Future Group Chief Executive Officer Kishore Biyani told CNBC TV 18.

He said the company has shut down one of its stores in Pimpri locality of Pune.

Biyani, however, said that the company is witnessing almost normal operations in the rest of the country and is aiming to clock Rs. 250 crore during the five-day long Independence Day promotion offer period.

"We are seeing decent business but we are not seeing the rush as we normally see... But we are still expecting a sales of around Rs. 250 crore and whatever our yesterday's numbers suggest, we are on track," he said, adding that Pantaloon stores in the north, south and east have done better than expected.

Asked if there is any likelihood that government may directive to shut down outlets in view of the swine flu, Biyani said, "We sell daily necessities and our stores need to remain open."

more from Business

Year-end high: Flipkart announces $700 million funding

Flipkart, India’s largest e-commerce marketplace, on Saturday announced a US $700 million (Rs 4434 crore) investment even as 2014, the year that has seen huge fund flow into India’s rising consumer internet industry, is about to end.

Most Popular
Copyright © 2014 HT Media Limited. All Rights Reserved