Future Lifestyle Fashion (FLFL) to focus on improving footfalls and ticket size
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14 February 2022, Mumbai:
Future Group-owned Future Lifestyle Fashions (FLFL) plans to focus on improving its footfalls and ticket size through various marketing strategies besides launching new product categories to boost sales in the coming quarters.
The company managed to narrow its losses to Rs 112 crore for the third quarter ended December 2021, compared to a net loss of Rs 174 crore it posted in the year-ago period.
The company’s revenue for the quarter rose by 32 percent to Rs 1,255 crore, as against Rs 950 crore it posted in the corresponding period of the previous fiscal year.
ALSO READ: Amazon India looks to block sale of Future Group's small-format stores
Inflation and rising raw material costs, coupled with supply chain disruptions pose a big threat to various sectors despite consumer confidence improving over the last quarter, the company said.
It ended the December quarter with a store count of 331 across all formats.
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