Rs. 200 crore, home grown shoe major, ‘Woodland’ has chalked out an ambitious programme to expand its retail network in the country. It will add 70 stores in the next two years and take its tally of exclusive Woodland stores to 195. Presently, it has 125 stores, 50% of which are company owned. The new stores will be set up in metro and tier-I cities.
To cater to the growing demand, estimated at Rs. 350 crores by 2009, the company is investing Rs. 10 crore to double its production of shoes from 6,000 pairs a day to around 12,000 pairs a day.
Besides shoes, the company also sales apparel and accessories. In coming years, the company hopes to achieve a turnover ratio of 70:30 between shoes and apparel.
- We have moved to a NEW address!
- Reliance targeting big on ‘BtoB’ business, hopes to garner 1 lakh crore in revenue
- Reliance ‘Fresh’ at Pune, Bangalore, Hyderabad, Mumbai & Gujarat in 3 months
- Reliance Retail opens 9 ‘Fresh’ stores in NCR; targets 1 trillion in revenues
- Shopper’s Stop Q3 grows 29% in revenues, 27% in operating profits
- Pantaloon adds 8 lakh sq ft in Q3, sales jump by 60%
- Reliance juggernaut gaining momentum
- 3 days of Maha Savings on something Vs. 365 days of savings on everything
- Ambani turf wars may extend to retail
- Big Bazaars gearing up for 3 days of “Maha Savings Offer”