Retailord Sees Leads For Apparels, Antiques and Home Appliances
Released on: December 29, 2007, 8:46 am
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Press Release Author: anne zinta
Press Release Summary: Retailord Corporation dealing in apparels, antiques and major
home appliances is planning to take over Leads Retailine International to
tap inorganic growth for its offline stores.
Press Release Body: Retailord Sees Leads For Apparels, Antiques & Home Appliances
Retailord dealing in apparels, antiques and major home appliances is planning to
take over Leads Retailine International to
tap inorganic growth for its offline stores. Speaking on this India Head for
Retailord Operations and Retailord.com Mr. Lalit Kumar said\"
The competition from big stalwarts that are veteran in retail industry has forced us
to look for various alternatives pertaining to inorganic
growth, talks are on advanced stage to buy out Leads Retailine International (LIR)
to leverage its workforce and market for significant
growth of Retailord. As we know that LIR also deals with apparels, antiques and home
appliances so it is in sync with our business
Adding more on this, LIR CEO, Bali Nanavati said\" After seeing the smart and high
growth of Retailord we felt this is the right company
for us and moreover there will be no lay offs only some shuffling would be done on
management and senior level and our board
unanimously agreed to proceed with the sell out.\"
it is known fact that Bali Nanavati would become Director in the Board of
management. We should also take this in to account that his
brother Swaraj Nanavati who is 32% stake holder was initially reluctant to go for
complete sell out. However after round of talks he
followed the Board Instructions.
Retailord is planning to disaffiliate its online site Retailord.com from amazon and
instead concentrate on its offline business speaking on
this Mr. Lalit Kumar said\" we are right now creating huge network of online
franchisees and there will be revamp of the retailing site
Retailord.com, soon you will find it in new avatar. In the meantime instead of
keeping site status down, we have tried to make it
associate site of amazon.com on very small scale. we are of the opinion that after
complete amalgamation of LIR in to Retailord we
would have ample approach for restructuring Retailord.com. At present you get to buy
apparels, antiques and home appliances from
Retailord.com only the difference is it is selling these products on behalf of most
trusted world leader amazon.com. We assure you that
by the end of march you will find some huge transformation in Retailord.com, having
its own products and services just like its offline
stores.\" Reproduced and Edited By Anne Zinta for http://www.retailord.com News
Division © Retailord.com. All Brands mentioned are
properties of their respective owner. Apparels, Antiques & Home Appliances are
wise of Retailord, also accessible UD http://www.retailord.com an associate of
Web Site: http://www.retailord.com
Contact Details: Retailord.com
1201, DuPONT highway,
Dover, Delaware, DE 19901