THE LOOT LAUNCHES ITS 26TH STORE IN MUMBAI

The Loot - Great steals on big brands! The Loot - the multi branded discount store launched its 26th outlet in India in Mumbai. This is the 13th LOOT store in Mumbai and located at the prime location on link road, Malad. The Malad store was launched keeping in mind The Loot`s integral message - "Great Steals on big brands". The entire store is laid out on a total area of 3000 sq ft with an entire range of merchandise for both men and women. To make shopping a treat, the store`s trial room is designed as a prison cell to give an entirely different feel in comparison to the staid trial rooms that one often finds in a retail showroom. The Loot is also the one stop shop for all formal and casual footwear, branded travel gear and accessories like binoculars, tool kits, backpacks, water sippers, caps, and much more. Apart from the well known brands like Kappa, Bossini, Adidas, Nike, CAT, ID, Spykar, Tuscan Verve, W, Welspun, Puma, Reebok, Eccentrics, Fila, Umbro, New Balance, Van Huesen, Mercedes, Allen Solly, Allen Solly - women, Arrow, Lee, Lee Cooper, Wrangler, Pepe Jeans, Parx, Park Avenue, Blackberry`s, Rifle, Ragz jeans, Recap, SF jeans the store also sources brands from international markets, most of which are unavailable in the country, all at discounts in the range of 25% to 60%. The LOOT occupies around 1, 50,000 square feet of retail space and houses more than 60 brands of apparel and accessories. According to Mr. Jay Gupta, MD, The Loot "We at The LOOT assure our customers a complete shopping experience for their entire family with amazing multi branded collections for men, women and kids. Try out the trendy branded clothing, which are sure to make other`s heads turn without you feeling the pinch in your wallet." The company is on track to achieving a total turnover of Rs.60 crores before the end of this financial year and aims to do a turnover of Rs.100 crores by 2009. The Company is opening one store a fortnight which is a record of sorts and by the end of year 2009 will have close to around 100 stores across India. The company will decide on its fund raising plans after reaching a turnover of Rs.100 crores to further increase its network to penetrate into B and C class towns in India.

The LOOT started in the year 2004 as a "Value Retail" format store, post the launch and the stupendous success of its first store, The LOOT has set up 25 outlets, and is working towards launching a new store every 15 days in Mumbai and other cities across India. "The LOOT" is a multi-branded discount store, offering customers a wide range of merchandise with discounts ranging between 25% -60% - throughout the year. The LOOT`s strength as a retailer lies in proper procurement & an excellent supply chain management system which helps in getting better pricing from the manufacturer and thereafter passing the benefit on to the consumer. The LOOT currently offers the perfect mix of unisex clothes in semi-formal, formal, casuals, sports apparel, kids wear, footwear, accessories etc.