There is a huge potential for growth in the India for footwear chains. Changing preference of younger generation toward international quality footwear will bring a paradigm shift in the Indian footwear market. With the increase in disposable income and brand awareness, footwear market is gradually turning into a brand-driven market. The taste of Indian consumers is gradually shifting towards casual and younger styles.
The footwear retail in India is dominated by men’s footwear. There exists a huge potential for the exclusive ladies and kids footwear segment.
Existing Footwear Chains – Domestic:
There are around 20-25 big footwear retailers. Woodlands, Bata, Action, Liberty, Khadim’s, M&B Footwear, Crocs, Adidas, Puma, Reebok, Reliance Footprint are leading footwear chains in India. There are many smaller ones like Metro operating in just couple of cities and is beyond the scope of our research.
Bata India Ltd: Bata has 1200 outlets. It is planning to open 240 new outlets across the country (more…)