Bata India, one of India’s leading footwear retailer has unveiled its plans to to open 100 new stores in the current financial year. Some of these stores will be based on a new concept of standalone stores for ladies footwear. In its recent General Body Meeting, the retailer announced 20 per cent growth expectation by the end of this year. Bata, also recorded a 20.8 per cent higher net profit at Rs 172 crore for the last year on a turnover of Rs 1872 crore, up 19.6 per cent from the previous year. Uday Khanna, chairman Bata India, said, “Bata India has continued to achieve growth in the performance of all its business areas. We have also continued our expansion strategy to open large scale stores and renovate the existing stores”. It also has other ladies footwear brand under its umbrella including Marie Claire and Sundrops, which contribute around 25 per cent to the company's topline. The retailer now plans to open these retail stores under the brand of Bata. The company had taken initiated steps to merge its two subsidiaries Bata Properties Ltd and Coastal Commercial and Exim Ltd -- with itself. In 2012-13, Bata opened 152 new large formats stores across metros, tier 1 and tier II cities and simultaneously renewed more than 50 existing outlets during the period. The company continued to focus on improvement in customer service, addition of new products ranges, and training of employees, consolidation of manufacturing processes and restructuring of non-retail sales division – which have together contributed to the growth. All new Bata stores are all of a large format, with an average size of over 3,000 sq ft made as per Bata's global format and designed by experienced designers and architects, using the latest retail techniques and the best quality of furniture to enhance the stores layout and provide an attractive product display.
To add 100 new stores in FY'14.