Liberty Shoes, the country’s leading shoe brand is planning to open 75 more stores in this calendar year, in addition to 25 stores opened in the first half of 2013. The company, which had net sales of Rs 362.86 crore last fiscal is eyeing 25% growth in sales in the current financial year on back of retail expansion.
Liberty Shoes currently has 400 exclusive showrooms and over 6,000 multi-brand outlets across India. These stores are spread across metros, TIER 1 and TIER 2 cities. The brand has aggressive expansion plans and will increase its presence through more distributors, showrooms and outlets in order to cover untapped regions.
Besides, the company 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.
