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Business Basics |
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| Company Name |
The Loot |
| Founded in |
2004 |
| Headquartered in |
Mumbai |
| Company website/URL |
www.thelootstore.com |
| Industry |
Retail/ Consumer-based |
| Stage of the company |
Scaling up |
| Source of idea |
Discovered by chance |
| Awards & honors |
Among the Tpo 50 Business
Opportunities, The Franchising World, 2008; Retail Design and
Visual, India Retail Forum, 2007; Retail Marketing Campaign,
I...> Read more.. |
| 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 |
| Partnerships & Tie-ups |
'The LOOT' is a multi-brand discount store, offering customers a
wide range of products with discounts ranging between 25% -60% -
throughout the ye...> Read more..
|
| Partnerships & Tie-ups |
'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
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| 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 So...>
Read more.. |
| "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 |
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| How does the
business make money? |
| By giving value to the consumers, good negotiations, working
harder and more productivity |
|
| Team
information |
R. P. Chhabra, CEO, MA, LLB, worked with RBI & IDBI, served
as Director and CEO in Garware
Melwyn Rebeiro- V.P. Operations, MBA- Symbiosis Institute, Pune, 19
years of retail experience
Satyanarayan Guttula, V.P. Private brands, 19 years in Retail;
Sunil Rathi - V.P. Finance, CA, worked for Bhartiya group, SFS
Global Ltd. And Hakoba
Rahul Vohra - V.P. Brands, 28 years of experience from
manufacturing, retail & export. |
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Competition |
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| Competitors |
Brand Factory and other Multi
branded outlets like Shoppers Stop, Pantaloons, Lifestyle, Globus
etc during their seasonal sales |
| How different is your product or
service? It has... |
Substitutes that differ in price or
value |
| In what way is your product or
service different? |
Minimum 25% discount, Upto 60%
discount, 365 days discounts, No Fakes No Seconds and Guaranteed
price Guaranteed product |
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| By
The Numbers |
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| |
2006 |
2007 |
| No. of employees |
301-1000 |
301-1000 |
| No. of locations |
16-30 |
over 30 |
| No. of customers |
over 50 |
over 50 |
| Turnover |
15-30 crore |
over 30 crore |
| Profits |
1-5 crore |
1-5 crore |
|
| Primary source of
initial funding |
Family &
friends |
| Primary source of additional funding |
Bank loans & mortgages |
| Raised institutional capital? |
No |
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| Why is this
startup hot? |
| Great Steals on Big Brands! That's the core concept The Loot is
based upon and who doesn't like discounts!! You walk into The Loot
store anytime and get fabulous discounts of minimum 25% off which
goes up 60% off 365 days of the year.This is very well accepted by
the customers as its like having a second bite on the cherry pie.
The Loot is considered a shopping haven especially amongst the
youngsters due to the various aspirational brands that are avilable
to them like Puma, Nike, Adidas, Red Tape, Kappa, Bossini, W,
Sepia, AND, Welspun, Carmichael House, Disney, Gini & Jony,
Lilliput, Little kangaroo etc.The Loot was nominated one amongst 12
'Small Ideas Big Changes' by Hindustan Times as the concept is
quite unique and not just another retail store. |
| Great Steals on Big Brands! That's the core concept The Loot is
based upon and who doesn't like discounts!! You walk into The Loot
store anytime and get fabulous discounts of minimum 25% off which
goes up 60% off 365 days of the year.This is very well accepted by
the customers as its like having a second bite on the cherry pie.
The Loot is considered a shopping haven especially amongst the
youngsters due to the various aspirational brands that are avilable
to them like Puma, Nike, Adidas, Red Tape, Kappa, Bossini, W,
Sepia, AND, Welspun, Carmichael House, Disney, Gini & Jony,
Lilliput, Little kangaroo etc.The Loot was nominated one amongst 12
'Small Ideas Big Changes' by Hindustan Times as the concept is
quite unique and not just another retail store. < Back |
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| What keeps the
team awake at night? |
| Giving value is the motto and we strive towards achieving our
goal. To work towards making each and every customer satisfied and
make his/her shopping experience delightful. To achieve the target
of hitting 100 stores in less than a year and 200 stores in 1 and a
half years and be one of the most successful value retail format in
India. We are a very young team and are constantly fighting various
odds faced in various areas. |
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