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 Best foot forward for Bata (plans to set up 60 large-format stores every year)
August 3
Bata has planned a three-point strategy as part of its restructuring. The company plans to set up 60 large-format stores every year (minimum area of 3,000 sq ft), shut down unviable stores and increase its focus on institutional business. Bata opened 32 new retail stores in the first quarter of 2009. The company has reduced the number of its unviable stores from 140 to 74. The company has close to 1200 stores and 2,000 SKUs in India. The company plans to offer shoes customised for hospitals, military forces, factory workers and airlines.
Source: Business Standard.
Bigshoebazaar.com’s new website (plans to launch an online cash-and-carry portal for wholesale footwear business)
August 11
Bigshoebazaar.com, an online footwear retail chain, plans to launch an online cash-and-carry portal for wholesale footwear business. The company also plans to expand its retail chain business and plans to have up to 250 outlets across India by 2010- 2011.
Source: Business Standard.
Red Tape to invest Rs 1 billion (plans to treble the number of exclusive outlets)
August 5
Premium men's footwear and fashion lifestyle brand Red Tape intends to make investments of Rs. 1 billion by end of 2010 as part of plans to treble the number of exclusive outlets in its network. The focus would be on metros and tier-I markets.
Source: Business Line.
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Leather & footwear sector reaps gains in foreign trade policy
August 28
The Commerce Minister of India, Mr Anand Sharma announced the new foreign trade policy. The new policy aims to revitalise the export sector of the country which has been seriously affected by the recessionary trends and accompanying slowdown in global markets, particularly the key markets of US, EU and Japan. A special thrust has been reserved for labour intensive sectors like textiles, leather and handicrafts in the new policy, in the process reassures the exporters and provides them adequate confidence to maintain their market presence even in a period of stress.
Source: fibre2fashion
M&S to launch men’s products in India
August 26
The UK retail giant Marks & Spencer, which floated a 51:49 joint venture (JV) with Reliance Retail in India, is planning to enter new categories such as luggage and footwear for men from the UK stable for the Indian market. At present, the company will launch luggage and footwear at the flagship stores in Delhi and Mumbai before going for a national rollout.
Source: mydigitalfc
Zara sets foot on India soil through JV with Trent
August 19
swhich has set up a joint venture with the Tata’s owned Trent Ltd at an investment of Rs 23.58 Crore. Indian FDI laws at present permit 51 percent foreign equity in retailing and that too only for single brands. Under the proposal, the JV would set up outlets under the brand name of ‘Zara’ to sell apparels, accessories, perfumes and footwear.
Source: fibre2fashion
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Metro Shoes opens sixth store in Forum Value mall, Bangalore
August 14
Metro Shoes, which houses a mix of Indian and international footwear brands, has opened its sixth store in Bangalore. Metro shoes opened its first store in Colaba, Mumbai and today it has total 88 outlets at prime locations across India.
Source: India Retailing
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