Apr 10, 2017
Woodland to enter Japan, South Korea in 2018
Apr 10, 2017
Footwear and apparel firm Woodland is planning to foray into the Japanese and South Korean markets by 2018. The Aero Group-owned company is also expanding its presence in India and will add 120 exclusive outlets across the country.
"We are planning to go to Japan and Korea in a year's time. We are already present in South East Asian countries, in CIS countries and in the Middle-East and African countries," Woodland Managing Director Harkirat Singh told a news agency.
"We also plan to open up to 120 exclusive company-operated outlets across India by end of 2018 apart from growing our presence in multi-brand outlets," he added.
When asked about revenues, Singh said: "We clocked revenue of Rs 1,200 crore in the last fiscal year and we are looking for a growth of 15 to 20 per cent going forward."
The company, which produces most of its products in-house, is also looking to add to its employee strength as part of its growth plans.
"As we grow with opening of more stores and strengthening the segments that we are in, we will also be adding to our workforce," Singh added.
Currently, the company has 600 exclusive outlets apart from presence in 5,000 multi-brand stores in India.
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