INDIA: Bata Q3 profit up 17% as sales surge
- Q3 net profit up 17.3% to INR375.9m (US$6.1m)
- Revenues rise 14.3% to INR4.841bn
- Plans to open 100 new stores this year
Footwear retailer and manufacturer Bata India is planning to expand its retail presence further after recording double-digit rises in sales and profit in the third quarter.
The company said it was now planning to open about 100 new stores this year, which it said would be in line with new formats, described as “easier to navigate” and “more inviting for customers”.
Bata’s new autumn-winter collection includes products in the current seasonal trend of monochrome, including men’s classic boot styles, colourful loafers and youthful sports shoes. The collection also covers accessories, including belts, bags and scarves.
“This quarter, we opened our largest store in India at Viviana Mall, Thane,” said Bata India group managing director Rajeev Gopalakrishnan. “The store is spread across 20,000 sq ft and offers an extensive range of footwear and accessories.”
Help test our new apparel sourcing tool.
- Unlocks for the future fashion sourcing landscape
- EU eyes mandatory due diligence for apparel supply
- Geo-political uncertainty and how to survive it
- What TTIP might mean for US, EU textiles & apparel
- Where next for Corporate Human Rights Benchmark?
- Li & Fung forms supply chain partnership with PVH
- US Q4 in brief – Finish Line, Oxford Industries
- Sears has "substantial doubt" of future
- Target unveils "ambitious" store re-design plans
- Bangladesh workers call for union registration
- Central and East Europe Report Package
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Outdoor performance apparel 2016: A broader perspective