Bata looking at 500 franchises
Footwear major Bata India is planning to open about 500 franchise stores which would come up ...
Footwear major Bata India is planning to open about 500 franchise stores which would come up in small towns over the next five years, a top company official said in Kolkata in August. “We now have 150 franchise stores. We are looking to get about 500 franchise stores. These will be single-store towns. That means we are looking at 500 towns. We have charted out a five year plan for this,” company CEO Sandeep Kataria told media persons after its 86th annual general meeting here.
The footwear major was also adding around 100 stores every year, while closing 25-30 shops for various reasons like being in wrong locations or economically unviable. “The net figure is around 70... There is a combination of renovating the shops, sometimes, increasing it, sometimes relocating it,” said company Chairman Uday Khanna. In 2018-19, Bata India opened 71 new retail stores and 51 franchise ones, besides renovating 47 outlets. It relocated 47 outlets and closed down 28. The company now has close to 1,500 stores in India, and has over the past three years pumped around Rs 260 crore for modernising its manufacturing plants and renovating its retail stores.