Narendra Modi's Washington test

Narendra Modi's Washington test

If Modi gets the world’s biggest power right, his pursuit of larger global goals...
Small banks or banks for ‘small’ people?

Small banks or banks for ‘small’ people?

Unless appropriate sub-limits are imposed on loans, there is a serious...

After eZone, Future Group looking to restructure home furnishing chain HomeTown

Dec 19 2013, 15:15 IST
Comments 0
Future Group's HomeTown has already consolidated its back-end to a single distribution centre. Future Group's HomeTown has already consolidated its back-end to a single distribution centre.
SummaryAfter managing to turn around its electronics chain eZone, Future Group now plans to restructure its home furnishing chain, HomeTown, which is yet to turn profitable.

a day, currently delivers in Mumbai, Delhi, Bangalore, Chennai and Pune. The average ticket size at the online retailer is R15,000.

Meanwhile, at Future Group, changes are being made based in the product offering, with the company bringing in more variety in the form of small items like linen, bed-sheets etc, along with bigger furniture.

Future Group will seek partners for Hometown and eZone after the turnaround. “We are looking for partners. After all, we are in the business of buying and selling. But we will be doing it once we have made the brand profitable,” Future Group CFO CP Toshniwal said.

Earlier this year, the company was planning to merge eZone and Hometown under one umbrella. But now the merger will depend on the buyer, according to Toshniwal. “It depends on who the interested party is and if they want just the electronic business or the home furnishing one too. We will merge it only if the buyer wants it.”

Single Page Format
Ads by Google

More from Corporates & Markets

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...