Skip to main content

Stovekraft reaches 150-store milestone

The 150th Stovekraft store is located at Jayanagar, Bengaluru

Bengaluru: Kitchenware brand Stovekraft Ltd. has reached the milestone of 150 stores with the launch of its latest store in Bengaluru located at Jayanagar, the company said in a press release on Thursday.

“We are thrilled at expanding the reach of our range of kitchen essentials closer to consumers across cities in both metro and non-metro areas. Through this effort, our focus is to create numerous job opportunities, support local talent, and contribute to the overall economic growth,” said Rajendra Gandhi, managing director, Stovekraft Ltd.

After launching its retail operations in June 2022, the company grew its presence, reaching 100 stores by September 2023. Over the subsequent five months, it further expanded its retail footprint by 50 additional stores.

Stovekraft stores offer over 1,000 products including gas stoves, chimneys, pressure cookers, cookware, and many small domestic appliances.

The retailer has been consistent with initiatives to provide skill development to women, who form 80% of its 350-strong workforce. The company had earlier rolled out a franchisee opportunity for women with zero capex investment. and more than 500 women entrepreneurs applied for the opportunity.

Stovekraft was established in 1994 by Rajendra J Gandhi. Currently, it offers over 600 products under Pigeon, Gilma, Black & Decker, and Pigeon LED. The company is now present across Karnataka, Tamil Nadu, Andhra Pradesh, Telangana, Kerala and New Delhi.

With a turnover of Rs. 1000 crore, its presence spans the nation through 600 distributors, more than 75,000 retail touchpoints, over 150 company-owned retail stores, and 60 exclusive GILMA stores. Stovekraft’s global footprint encompasses 14 countries, including the USA, Middle East, and Africa, serving clients like Walmart and Big Lots.

The post Stovekraft reaches 150-store milestone appeared first on India Retailing.



from India Retailing https://ift.tt/1XK4UYk
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

Eagle Labs launches impirica CBD brand

ST. PETERSBURG, Fla. — Eagle Labs has launched impirica, a new brand of CBD intended to eliminate consumer fear, and increase confidence, in trying the exciting new cannabidiol category. Michael Law Although most Americans have now heard about CBD, many are very confused and concerned about product quality. This is inhibiting trial in the category and holding back conversion into sales. In fact, a 2017 study by Johns Hopkins University found that two out of three CBD products on the shelf did not contain the amount of CBD reflected on the label. Furthermore, in 2018 and 2019, the FDA sent notices to a substantial number of CBD manufacturers advising them of serious concerns about product quality or egregious medical claims. The impirica brand looks different than most CBD brands — the brand name itself connotes testing and trust, says Eagle Labs chief commercial officer Michael Law. “It doesn’t use the traditional category colors of browns and greens, and you won’t find a hemp...
70 comments
Read more

Sagar Daryani, CEO and Co-founder – Wow! Momo & Saga: From a Kiosk to a Kingdom

Sagar Daryani’s entrepreneurial odyssey from humble beginnings to pioneering success has redefined the landscape of food startups in India. Co-founding Wow! Momo, he has spearheaded the growth of the largest indigenous QSR chain in the country, crafting a remarkable saga of triumph The Genesis: A Visionary Venture Takes Root In 2008, armed with a mere Rs. 30,000 and boundless ambition, Sagar Daryani and Binod Homagai embarked on their entrepreneurial journey while still pursuing their graduation in B.Com Hons from St. Xavier’s College, Kolkata, even before their college results were out. They knew the value for money and boot-strapped to plough back profits and grow their venture. Sagar spearheaded brand expansion, brand creation, and marketing and retail operations. Grew across the city with a strong consumer focus. The early days were hard but keeping track of the money flow was even harder. Believing in the concept of ‘1 rupee saved is 5 rupees earned’, and the lessons they lear...
1 comment
Read more

Homegrown ice cream chain HOCCO to open 250 stores, eyes Rs 400 crore by FY26

Ankit Chona, Founder and Managing Director of HOCCO, delves into the company’s revenue model, growth strategies, and vision for the future… Bengaluru: HOCCO (House of Chonas Collaborative) , the Ahmedabad-based ice cream and quick-service restaurant (QSR) chain, boasts a rich legacy spanning over 70 years, with roots tracing back to pre-independence India. The Chona family has been deeply entrenched in the food industry since 1944, originally operating in undivided Pakistan. Following the Partition, Satish Chona , an engineer with British Overseas Airways Corporation, relocated from Karachi to India. After journeying through multiple cities, he ultimately settled in Ahmedabad, where he established his first QSR outlet in 1953. Three decades later, he expanded into the casual dining segment, launching a restaurant in Baroda while continuing the family’s ice cream manufacturing business. However, in 2017, the company sold its ice cream division to a South Korean firm, shifting its fo...
Post a Comment
Read more