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Bangalore, Nov. 21 Reliance Footprint, Reliance Retail’s footwear store chain, which launched its 12th outlet today expects to have 25 stores by March ’09. “We plan to launch 25 stores every year for the next three-four years and want to have a market share of at least 15 per cent of the country’s footwear market by then,” said Mr Gopalakrishnan Sankar, Chief Executive, Reliance Retail. In his opinion, falling real estate prices would help the retail chain achieve this target. Reliance Footprint invests about Rs 5 crore in each store, he said.

The footwear market in the country, comprising a large unorganised segment, is currently worth about Rs 15,000 crore and is estimated to grow to about Rs 25,000 crore in five years.

Apart from international footwear brands such as Florsheim, Hush Puppies, ID, Lee Cooper, Pavers and Red Tape, Reliance Footwear has a range of private label brands such as Mancini, Tosca, Viviana, Hi Attitude and Monza.

More Stories on : Retailing | Leather | Reliance Industries Ltd

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