Home / Knowledge / News / Bata to increase its retail presence over next 3-yrs
Bata to increase its retail presence over next 3-yrs
29
May '10
Bata India, the popular footwear producer and retailer, plans to open a new large-format outlet and refurbish the existing ones within the next three months. It will spend around Rs 1.5-2 billion for this project. This amount will also be spent for setting up new plant and equipments, informed PM Sinha, Company Chairman, while addressing a press meet during their annual general meeting.

During this fiscal, the company has set a target of establishing 70 new large-format stores and has also planned to close down 24 cash-drained stores. Last year, Bata renovated 40 stores, while shutting down 73 small-format outlets, informed the Chairman. Currently, the company operates more than 1,250 retail stores across the country.

The terms and conditions that were formulated for the development of an integrated township project of the company at Batanagar in West Bengal have also been restructured by Bata India. It has already received a large share of the upfront amount, and will also obtain free constructed area of about 640,000 square feet in this project.

The company, in the year 2005, established a new company in 50-50 partnership with Calcutta Metropolitan Group Ltd (CMGL) in order to build the integrated township.

The footwear producer and retailer is currently supplying specially-designed shoes to the arm forces, and is therefore, witnessing a substantial business in this trade, informed Sinha.

Fibre2Fashion News Desk - India


Must ReadView All

Apparel/Garments | On 25th Sep 2017

Vietnam textile sector to gain if EU FTA gets ratified

Experts feel the Vietnam-European Union (EU) free trade agreement...

Apparel/Garments | On 25th Sep 2017

AAFA urges US govt to plug lacunae in military procurement

The American Apparel & Footwear Association (AAFA), an alliance of...

Apparel/Garments | On 25th Sep 2017

Amazon trying to enter Turkish home textile product market

Amazon has noticed Turkey’s potential in e-commerce and is discussing ...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search