The LOOT started in the year 2004 as a “Value Retail” format. Post the launch and the stupendous success of the first store in the year 2004, The LOOT has set up 65 outlets, which are currently operational. In the year 2005, The LOOT was nominated in “India Fashion Forum” for the best value store in India; and again in 2006, The LOOT was nominated in “India Retail Forum” for the best value store in India. In the recent “India Retail Forum” 2007, The Loot was nominated in the below mentioned categories
- Most admired retailer of the year: Retail Marketing Campaign
- Most admired retailer of the year: Retail design and visual merchandising
- Most admired retailer of the year: Innovative concept
As per The Franchising World (2008), The Loot is amongst the Top 50 business opportunities in India.
The Loot was selected one amongst the 12 ‘Small ideas big changes’ series in The Hindustan Times in Mumbai.
Currently The Loot is nominated in the TATA NEN hottest startup awards.
The Loot’s strength as a retailer lies in proper procurement & an excellent supply chain management. This helps in getting better pricing from the manufacturer and thereafter passing the benefit on to the consumer. The LOOT currently offers the right mix of men’s and women’s semi-formal, formal, casuals, sports category of garments, footwear & accessories, kids wear etc.
The LOOT currently operates 65 stores in cities like Mumbai, Delhi, Jalandar, Amritsar, Pune, Surat, Ahmedabad, Aurangabad, Navi-Mumbai, Mysore, Bangalore, Jabalpur, Raipur, Jalgoan, Solapur, Ahmednagar, Lucknow, Ghaziabad, Vapi, Ambala, Bikaner, Jaipur, Udaipur, Goa ,Nashik etc... Shortly opening stores in cities such as Indore, Patna, Kutch, , , Faridabad, Nagpur, Pune (Fatima Nagar, Satara Road, M.G. Road) Guwahati, and Mumbai (Lokhandwala, Santacruz and Kalyan) are on the anvil.
To propel the growth of the company and to move to the next level, The LOOT has invested skillfully in IT. The company focus is also on personnel training and great emphasis is being laid on preparing the back end to take growth to about 100 stores by the year 2008-09. A modern fully equipped and technologically upgraded warehouse has been set up at bhiwandi, which can accommodate about 8-10 lacs pieces of merchandise to meet the growing demands of the expansion.