Monday, 1 July 2013

Liberty Shoes records Rs 105 crore sale in Q1

Footwear company Liberty Shoes recorded sale of Rs 105 crore in the first quarter of 2013 ending June 30. It registered 30 percent increase in sales with the company selling over 31 lakh pairs of shoes in the same period. Liberty plans to grow at a rate of 20-25 percent in the coming year. Organized footwear market in India is growing at a rate of 10- 15 percent.

Commenting on the results, Adesh Gupta, CEO, Liberty Shoes, said: “Despite the economy and consumer sentiments at an all time low, we have managed to achieve a good sales growth. We have been creating comfortable footwear for over 50 years, and millions of happy customers enjoy the feeling of comfort that we carefully design into every pair of Liberty shoes. Our team has worked hard to create a selection of smart styles that are perfect for all. It is our constant endeavour to improve our processes and bring innovative products for our customers. We will continue to invest in strengthening our product portfolio and stepping up innovation and add more value to our brand."

Liberty Shoes opened 25 new stores in the first half of 2013. It has 400 exclusive showrooms and over 6,000 multi-brand outlets spread across metros, tier 1 and tier 2 cities.

The brand produces more than 60,000 pairs of footwear in a day. Its manufacturing facilities called ‘Humantech Centres’, are present at five locations in Haryana and Uttarakhand.
http://www.indiaretailing.com/News.aspx?Topic=1&Id=7091

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