September 11, 2012

Indian jewellery Malabar Gold & Diamonds to expand retail network

Jewellery retailer Malabar Gold & Diamonds plans to increase its store count to 220 from 70 with an investment of INR50bn ($903.41m) in the next four years.

By Prasanth Katam

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Jewellery retailer Malabar Gold & Diamonds plans to increase its store count to 220 from the current 70 with an investment of INR50bn ($903.41m) in the next four years.

Malabar Gold & Diamonds chairman MP Ahammed told Indiaretailing.com that the company was expanding across India and GCC countries.

As part of the expansion, the chain will set up outlets in Far East countries including Indonesia, Malaysia, Thailand, Singapore, China, in addition to the US and the UK.

By 2013, the group intends to open 22 outlets in GCC countries.

Also, the jewelry retailer plans to open 30 new outlets in India by 2015. Under the domestic expansion, Malabar will set up outlets in Delhi, Mumbai, Ahmedabad, Punjab, and Haryana.

The first 20 outlets are scheduled to be opened in 2012, with an investment of INR5bn ($90.34m), reported Indiaretailing.com.

The stores will be located in Thanjavur, Dharmapuri, Hosur, and Ramanathapuram in the Indian state of Tamil Nadu. It also aims to add two showrooms in Chennai in Velacheri and Vadapalani in 2012.

Further, the company will open showrooms in Vellore, Kumbakonam, Tirunelveli, Nagercoil, Trichy, Tuticorin, Tiruvannamalai, and Pondicherry in 2013.

Malabar Gold & Diamonds currently has four showrooms in Tamil Nadu in Chennai, Coimbatore, Erode, and Salem.

Recently, the Indian retailer has opened new outlets in Madurai, Tamil Nadu.

Malabar Gold and Diamonds is a part of Malabar Group of Companies. It currently has outlets in Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Delhi and GCC countries with 10 supply chain centres.

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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.