Business Description:"The LOOT" is a multi-brand discount store, offering customers a wide range of products with discounts ranging between 25% -60% - throughout the year. The store retails about 100 brands brands like Kappa, Bossini, Adidas, Nike, CAT, ID, Spykar, Lilliput, Giny & Jony, Disney, Ruff Kids, Lee Youth, W, Sepia, AND, Welspun, Puma, Reebok, Van Huesen, Allen Solly, Arrow, Lee, Lee Cooper, Wrangler, Pepe Jeans, Parx, Park Avenue, Blackberrys, Thomas Scott, Red Tape etc and international brands like Mercedes.The LOOT's strength as a retailer lies in proper procurement & an excellent supply chain management. This helps in getting better pricing from the manufacturer and thereafter passing the benefit on to the consumer. The LOOT currently offers the right mix of men's and women's semi-formal, formal, casuals, sports category of garments, footwear & accessories, kids wear etc
Industry:Retail/ Consumer-based
Founded in:2004
Source of idea:Discovered by chance
Significant Competitors:Brand Factory and other Multi branded outlets like Shoppers Stop, Pantaloons, Lifestyle, Globus etc during their seasonal sales
Company Details :
Company Name:The Loot
HeadQuarters:Mumbai
Stage of the company:Scaling up
No of Employees (2006):301-1000
No of Employees (2007):301-1000
Office Locations(2006):16-30
Office Locations(2007):over 30
No of companies promoted:Yes (2)
Profits (2006):1-5 crore
Profits (2007):1-5 crore
>Partnerships:'The LOOT' is a multi-brand discount store, offering customers a wide range of products with discounts ranging between 25% -60% - throughout the year. The store retails about 100 brands brands like Kappa, Bossini, Adidas, Nike, CAT, ID, Spykar, Lilliput, Giny & Jony, Disney, Ruff Kids, Lee Youth, W, Sepia, AND, Welspun, Puma, Reebok, Van Huesen, Allen Solly, Arrow, Lee, Lee Cooper, Wrangler, Pepe Jeans, Parx, Park Avenue, Blackberrys, Thomas Scott, Red Tape etc and international brands like Mercedes.
The LOOT's strength as a retailer lies in proper procurement & an excellent supply chain management. This helps in getting better pricing from the manufacturer and thereafter passing the benefit on to the consumer. The LOOT currently offers the right mix of men's and women's semi-formal, formal, casuals, sports category of garments, footwear & accessories, kids wear etc
Initial Funding:Family & friends
Addl Funding:Bank loans & mortgages
Institutitional Capital:No
Revneue Model:By giving value to the consumers, good negotiations, working harder and more productivity
Awards & honors:Among the Tpo 50 Business Opportunities, The Franchising World, 2008; Retail Design and Visual, India Retail Forum, 2007; Retail Marketing Campaign, India Retail Forum, 2007; Innovative Concept, India Retail Forum, 2007; Value Retailer of the Year, India Retail Forum, 2006
Promoters Details :
Promoters Name(s):Jay Gupta
Age:33
HomeTown:Birgang
Education:Bachelors
No of companies promoted:Yes (2)
Family Background:First gen entrepreneur
Job:Managing Director at Master Franchise
Ex-Job Description:Leadership
Favorite Book/Movie:Guru
