Union Knopf (India)

MarketUPDATE
Some Interesting Facts. . .
The southern states
have the highest
number of retail
chains, and the largest
of the mall is LULU
International located in Kochi.
RMKV, a departmental store in
Tirunelveli, is spread in 100,000 sq
ft area. The annual turnover of this
store is more than any single
Lifestyle or Pantaloons store in this
whole wide country reaching Rs 110
crore at present. Today, RMKV is
in the process of setting up another
55,000 sq ft anchor store at the
450,000 sq ft Brookfield’s Plaza
mall in Coimbatore, being codeveloped
by Mangal Tirth Estates,
the brain behind India’s oldest
mall, Spencer Plaza in
Chennai. Kalyan Silk, the
infamous brand, has a six level,
85,000 sq ft showroom in Thrissur
town doing a business of Rs 100
crore annually. Emmanuval
Silks has over 100,000 sq ft outlet.
Kalyan Silks has another nine-level
outlet in Ernakulam, Kochi in
125,000 sq ft, which is believed to
be the world’s largest silk saree
store. This is nowhere seen in Delhi
or any other northern region. There
are ‘small’ stores like Coimbatorebased
Shri Kannan Stores and
Chennai-based Sri Murugan
Stores who earn Rs 1.5 crore per
month from each of their many
stores. Now, who will be able to
beat that?
The Pothys Megastore in
Panagal Park, Chennai as well as
Kalyan Silks megastore in
Ernakulam each does more than Rs
150 crore per annum business.
Endorsed by the famous actor
Suriya, Saravana Stores is a
chain of retail stores, located in T
Nagar, Purasaiwakkam, Chrompet
and another one coming up in
Anna Nagar selling textiles,
jewellery, vessels and a wide range
of consumer products. Taken to be
the largest family run retail chain
in India, the company has an
annual turnover of about
6.50 billion rupees (200 million US
dollars). Famous all over India,
Nalli’s take the credit for
spreading awareness about Indian
ethnic wear amongst India’s youth,
especially at a time when the
general trend is towards western
wear. The Chennai Silks (TCS)
is a Tirupur- based giant selling silk
sarees and ready to wear garments
and like other retail chains in
South, all TCS stores are located on
high streets and not inside the
malls. Another group which
entered into its 64 th year is Naidu
Hall that has spread out to its
present built-up area of 15,000 sq.
ft with five floors of unadulterated
shopping — blouses, saris, salwar sets,
undergarments, nightwear, accessories
and Western wear. When ranked
business wise Saravana Stores
tops the list with more than Rs
1600 crore business coming from
its four stores, TCS is ranked
second with more than Rs 1300
crore closely followed by Nalli’s,
Pothy’s and RmKV. All these
stores are known for their
premium quality silk sarees.
APPAREL&Fashion
January 2017
31