Arvind steps into footwear retail
The India-based textile-to-retail conglomerate has announced plans to join the footwear retail market
In a country where footwear retail is estimated to be growing at a two digits’ rate, Arvind Group is expected to put in place an expansion strategy that will be a mix of company-owned and franchising stores.
The first store was opened under the brand name of Stride in Bengaluru and will start operations by selling Arvind's in-house footwear brands such as US Polo, Arrow and Flying Machine. It will also stock premium brands such as Cole Haan, Johnston & Murphy, Heatwave and Bugatti (Arvind has exclusive licensee agreements with such brands).
The conglomerate is also planning a strategy for the online channels, but nothing more detailed has been revealed for now.
The first store was opened under the brand name of Stride in Bengaluru and will start operations by selling Arvind's in-house footwear brands such as US Polo, Arrow and Flying Machine. It will also stock premium brands such as Cole Haan, Johnston & Murphy, Heatwave and Bugatti (Arvind has exclusive licensee agreements with such brands).
The conglomerate is also planning a strategy for the online channels, but nothing more detailed has been revealed for now.