Liberty Shoes to add 60 outlets this fiscal
Footwear firm Liberty Shoes plans to open 60 outlets, including 10 overseas stores, this fiscal, a top company official said.business Updated: Apr 04, 2010 13:30 IST
Footwear firm Liberty Shoes plans to open 60 outlets, including 10 overseas stores, this fiscal, a top company official said.
"We plan to open 50 outlets pan-India, primarily in Tier II destinations which will take our network-strength to 550 by end-this fiscal. Besides, we plan to open 10 outlets overseas as well," Liberty Group's CEO Adesh Gupta told PTI in Mumbai.
Within India, the company will focus primarily on Tier II destinations while overseas it plans to set up shops in South Africa, Singapore, the Middle-East and Kuala Lumpur, he said.
Domestically, with demand for the company's shoes growing and the company clocking a healthy sales in Tier I cities, Liberty now plans to target Tier II destinations, he said.
"We are growing and doing very well in the country and especially so in Tier I cities. Now, our focus will increasingly be on other markets," Gupta said.
The footwear major has pegged the investment for its domestic expansion at Rs 10 crore.
To keep pace with its expansion, Liberty plans to up its head-count and will hire between 300-500 professionals this fiscal, he said.