Pantaloon to open 19 new outlets

Pantaloon Retail (India) Ltd on Monday reported a 105 per cent year-on-year growth in retail sales in August at Rs 146 crore (Rs 1.46 billion) and said it would open a series of outlets under its various brands in the next three months.

"The company plans to open six Pantaloon outlets, five Big Bazaars, seven Food Bazaars and the second Fashion Station within the next three months," the company said in a statement.

The company said the August figures marked the company's highest monthly sales so far.

Pantaloon Retail had ventured into the home retail business through its subsidiary Home Solutions and launched its first home furnishing and textile store 'MeLa' in Mumbai.

"More standalone stores and home representation in Big Bazaars are planned over the next few months in addition to the first full home store called 'Home Town'," it said.