Here’s the best-performing retailer in the world, which you’ve never heard of

The shares of V-Mart, an India-based department store, are up 47 percent so far this year.

Apr.April 15, 2018 03:51 PM

(Credit from front: Jason Hargrove, Pixabay)

The all-purpose apparel store is called V-Mart and it’s unlikely you’ve ever been there.

But the Indian department store chain is the best-performing retailer in the world according to Bloomberg’s data, which only considers chains with a minimum market cap of $200 million. Since V-Mart’s IPO in 2013, its shares have gone up by a factor of 10 and this year alone its shares have seen a 47 percent jump so far.

V-Mart’s local competitors are taking notice, however.

“V-Mart’s strong business model in terms of store economics is increasingly being replicated by other players given the limited barriers to entry,” analysts noted earlier this month. “We need to be cautious on companies with valuations that have significantly outrun fundamentals.” [Bloomberg]Erin Hudson

Related Articles

Stephen Levin, REBNY's Jim Whelan and Brad Lander (Credit: Getty Images)

The bill that won’t die: Will commercial rent control finally pass?

Federal Realty Investment Trust CEO Donald C. Wood and Georgetowne Shopping Center (Credit: Google Maps)

Fairway-anchored Bergen Beach shopping center sells for $85M

Softbank CEO Masayoshi Son (Credit: Getty Images)

SoftBank’s $3B payout to WeWork’s investors is delayed

Donald Trump and Dean & Deluca's Soho location (Credit: Getty Images, iStock)

Trump Organization sues Dean & DeLuca over rent defaults

John Legere (Credit: Getty Images)

WeWork reportedly in talks to hire T-Mobile exec as CEO

(Credit: iStock)

Small Talk: Every community meeting. About every development project. Ever.

An example of roll-off waste management (Credit: YouTube, iStock)

A win for big building owners in trash-collection fight

Duke Long and Poshtel International CEO Morten Lund

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat