Panipat : FootMart planning to open a retail store in Panipat
FootMart Retail, a joint venture between footwear maker Liberty Shoes and retail giant Pantaloon Retail, is planning to invest Rs 80 crore over the next two years to quadruple its chain of multi-brand stores in India.
The joint venture also has plans to achieve a top-line of Rs 200 crore by 2009-10.
FootMart, which retails shoes and accessories under the brand name of Shoe Factory, would open as many as 60 new stores by 2009 to take its total outlets to 80 from the present 20.
The proposed new stores would come up in tier I and tier II including Mumbai, Jaipur, Ahmedabad, Hyderabad, Agra, Ghaziabad, Lucknow, Panipat which have a population base of 10 lakh and above.