India's V-Mart is the world's best performing department store chain

By BizClik Admin

India’s V-Mart has been named as the most successful department store chain in the world.

Since shares in the company began trading in 2013, they have risen 10-fold and are already up 47% this year.

V-Mart Retail Ltd, which is owned by Jeffries India Pvt, therefore exhibited the best stock performance in the world for a department store chain this year, according to data from Bloomberg. The list of data was made up of 105 worldwide department-store firms with a minimum value of $200mn.

See also:

Paytm to launch new retail offering as Walmart to invest in rival Flipkart

JD.com plans unstaffed stores, drones in Hong Kong

Alibaba spends $2.88bn to partner with Auchan in new retail venture

Referring to the top ranking, Jeffries analysts noted: “V-Mart’s strong business model in terms of store economics is increasingly being replicated by other players given the limited barriers to entry.”

However, they also warned: “We need to be cautious on companies with valuations that have significantly outrun fundamentals.”

V-Mart describes itself as a “complete family fashion store that provides its customers true value for their money”. The company has 172 stores across 145 cities across India, having opened its first store in 2003.

Share

Featured Videos

View all
Featured

Schneider Electric - Global Specialist in Energy Management

Digital Strategy

Allianz Malaysia: Closer to customers through digital