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November 27, 2017

Fabindia opens new retail format in Mumbai, India

Ethnic apparel and furnishings retailer Fabindia has opened the 'Fabindia Experience Centre', a new retail format, in Mumbai in the Indian state of Maharashtra.

Ethnic apparel and furnishings retailer Fabindia has opened the ‘Fabindia Experience Centre’, a new retail format, in Mumbai, India.

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Spread over an area of nearly 10,000ft², the new store separates the different shopping categories by apparel, furnishings, gourmet food, home and lifestyle products and an alteration facility.

Fabindia Overseas CEO Viney Singh told PTI: “The Fabindia Experience Centre houses a Fabcafe, an interior design studio, organic wellness centre and an alteration studio.

“This will be the first phase and we aim to take it to other cities as well, following this.”

Extending the focus on health and wellbeing, the experience centre has a designated space for Organic India’s first wellness store in Mumbai.

“This will be the first phase and we aim to take it to other cities as well, following this.”

With the wellness centre, customers will be able to interact with trained consultants on different aspects of health, lifestyle and wellbeing.

An interior design studio within the new store provides several services such as consultancy on layouts, mapping spaces, product customisation and colour scheme coordination.

The company plans to open ten similar stores by the end of next year across the cities of Mumbai, Delhi and Bengaluru.

Earlier this year, Fabindia opened one store in Delhi.

The retailer currently has 268 stores and 50 of them are said to be through the franchise model.

Fabindia currently has 11 global stores and has no international expansion plans.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.