Metro Brands, the specialty footwear and accessories retailer, announced the opening of its landmark 600th flagship store nationally in the tech-city of Bengaluru, India.
Metro Brands has a presence across 134 cities spread across 29 states and union territories in India. The new store under the brand name ‘Metro’ is located at LuLu Global Mall, Gopalpura, Bengaluru, which is a high-end shopping district in the city.
Spread across an area of 1,300-square feet, the multi-brand outlet will retail contemporary shoe brands like Da Vinchi, Skechers, ID, Fitflop, and Crocs. The store will also offer a wide variety of economy, mid-range, and premium footwear and accessories. The store also houses fresh and exciting looks for casual and formal footwear and accessories, for both men and women.
Nissan Joseph, Chief Executive Officer, Metro Brands, said: “We are delighted to announce the launch of our 600th store, which is also the 36th store of Metro Brands and the 14th store of the brand Metro in Bengaluru. We look forward to providing our esteemed customers with superior footwear and accessories. Metro Brands will continue to showcase its best brands and offerings to cater to the quality-conscious Indian consumer.”
As of March 31, 2021, Metro Brands operated 586 stores across 134 cities spread across 29 states and union territories in India. As of March 31, 2021, Metro Brands operated stores with a total retail business area of 720,994 sq. ft. The multi-brand outlet houses a mid-to-upper range with prices of ladies footwear starting from Rs 990 going up to Rs 3,990. The gents’ collection is priced between Rs 1,490 to Rs.14,990.
Earlier the footwear retailer Metro Brands Ltd was also planning to tap the capital market to raise fresh capital of up to Rs 250 crore a large part of which would be utilized for opening 219 new stores under Metro, Mochi, Walkway, and Crocs brands.
The range is designed in Metro Brands studio and sold pan-India in the company’s own stores and online channels. Metro Brands also offers accessories such as belts, bags, masks, wallets.