Vaibhav Global's US subsidiary, Shop LC, was presented the Progress Level Recognition by Quality Texas Foundation at their 26th Annual Texas Quest for Excellence Conference held in June, 2019. Vaibhav Global is an electronic retailer of fashion jewellery, accessories and lifestyle products with a strong presence in the US and UK markets.
Shop LC, US, has adopted the Malcolm Baldrige Performance Excellence model as a key, continuous improvement, management model. In June last year, Shop LC was recognized by the Quality Texas Foundation as a Commitment Level Recipient during the Quest for Excellence 25th Anniversary celebrations. The Progress Level Recognition is a step ahead in this journey. This recognition is awarded to organizations that have made progress towards a sound management system and the achievement of performance results. The applicants need to have made progress towards building and implementing some effective, systematic approaches and should be demonstrating results and trends in areas that are most important to the organization's long-term success. Applicants at this level must have three trained examiners actively participating in site visits.
"The Progress Level Recognition is an important milestone in our quality journey," said Kevin Lyons, Shop LC President. "Our future success as a company is dependent on continuous improvement, and adopting the Baldrige Framework and Criteria is an excellent way to work toward future success."
Shares of Vaibhav Global Ltd was last trading in BSE at Rs.842.6 as compared to the previous close of Rs. 866.25. The total number of shares traded during the day was 7044 in over 368 trades.
The stock hit an intraday high of Rs. 872 and intraday low of 842.5. The net turnover during the day was Rs. 6011884.