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Liberty Shoes Ltd today said it is eyeing 25 per cent growth in sales in the current financial year on the back retail expansion.
The company, which had net sales of Rs 362.86 crore last fiscal, plans to open 75 more stores in this calendar year, in addition to 25 stores opened in the first half of 2013.
“The brand has aggressive expansion plans and will increase their presence through more and more distributors, showrooms and outlets in order to cover untapped regions. To keep up with the pace and the ongoing strategic developments Liberty plans to grow at a rate of 20—25 per cent in this year,” Liberty Shoes Ltd CEO Adesh Gupta said.
The company reported 30 per cent increase in sales at Rs 105 crore during quarter ended June 30, 2013.
“Despite the economy and consumer sentiments at an all time low, we have managed to achieve a good sales growth. We will continue to invest in strengthening our product portfolio and stepping up innovation and add more value to our brand,” Gupta added.
Liberty has 400 exclusive showrooms and over 6,000 multi—brand outlets across India.
The company said it will also introduce new products range in the upcoming season. It had sold over 31 lakh pairs of shoes in the first quarter of this fiscal.
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