Globus Stores Forays into Kidswear Segment

Kolkata: Globus Stores, the R Raheja Group-owned apparel retail arm, is planning to roll out a specialty retail format for casual and club wear for its private label brand F21, and venture into kids wear to shore up margins in the highly-competitive apparel retail market. The 213-crore company will set up standalone F21 outlets in malls and shop-in-shops inside other apparel retailers. "The return on investment from standalone F21 stores is expected to be much more since they would be set up over smaller space and deliver higher margins," said Vinay Nadkarni, managing director and CEO, Globus Stores.