Home / Knowledge / News / Apparel/Garments / Reliance Brands to open new stores for Steve Madden shoes
Reliance Brands to open new stores for Steve Madden shoes
Oct '15
Mukesh Ambani-controlled Reliance Brands has drawn up plans for expansion of global shoe brand Steve Madden in India, according to an agency report.

Madden India business head Somdeb Basu said the brand was doing well and they have decided to add 10 more stores by 2016-17. Stores are likely to be opened at Bhubaneswar, Guwahati, Cochin, Coimbatore during the expansion drive.

Reliance Brands has marketing right for the US-listed shoe brand in India and operates 15 stores Delhi, Chandigarh, Ludhiana, Bangalore, Pune, Hyderabad, Mumbai, Pune and Kolkata.

Almost 90 per cent of Steve Madden products sold in India are imported from different manufacturing bases. But the import duty on shoes that ranges from 60 to 90 per cent puts a huge cost pressure on the brand.

Basu said the company would weigh the options of setting up show manufacturing plants after it establishes a sizeable scale of market and carries out its store expansion plan. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 24th Oct 2016

Indian govt plans roadshows to promote textile exports

The Indian government has planned to conduct roadshows to boost the...

Textiles | On 24th Oct 2016

TPP may hit roadblock

The 12-member Trans-Pacific Partnership (TPP) that was signed earlier ...

Textiles | On 24th Oct 2016

Baba Ramdev’s Patanjali to enter textile manufacturing

Patanjali Ayurved, an enterprise initiated by yoga guru Baba Ramdev,...

Interviews View All

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search