Footwear major Bata India is planning to expand its presence in the tier III and IV cities across India to further boost its growth by capturing the markets in these places, said a top company official.
India’s leading footwear brand, Bata announced its financial results for the fourth quarter ended March 31, 2017. The company’s Q4 turnover and net profit stood at Rs 598.0 crore and Rs 35.9 crore, respectively.
The warmest U.S. winter in years fueled higher sales at footwear retailers Brown Shoe Inc and Foot Locker Inc, and the companies are expected to benefit from tight inventory management in the next few quarters.
Brown Shoe Co Inc forecast a bleak year ahead as it grapples with rising costs, rapidly declining sales of once-popular toning footwear and wavering consumer confidence, sending its shares to their lowest in over two ...