Footwear News

Liberty Shoes expects 45 pc fall in revenues this fiscal
Footwear News

COVID-19: Liberty Shoes expects 45 pc fall in revenues this fiscal

Liberty Shoes is also witnessing an increase in e-commerce sales and now accounts of about 40 per cent of its total sales, Bansal said. New Delhi : Footwear firm Liberty Shoes is expecting up to 45 percent decline in its revenues in the current fiscal due to COVID-19. Amid coronavirus pandemic, footfall at stores has […]

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After PM’s 'vocal for local' call, Agra shoe industry turns to khadi footwear
Footwear News

After PM’s ‘vocal for local’ call, Agra shoe industry turns to khadi footwear

Instead of leather or synthetic material, footwear with khadi as the raw material will hit shelves soon, according to manufacturers in the city who said the decision was taken after Prime Minister Narendra Modi’s push for promotion of local products. Agra footwear industry — the largest footwear manufacturing hub in India — has now come […]

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Footwear News

Footwear sector revenue may drop by 10-15% in FY21

Icra also noted that while volumes would be considerably impacted, a marginal decline in the average selling price (ASP) is also likely due to the expected discounts owing to the companies’ inclination to convert the limited footfalls, post Covid-19 into sales to shore up their cash flows while liquidating the inventory. Closure of retail outlets […]

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Footwear News

Sustainable footwear brand Neeman’s raises $1 million from angel investors

Founded in 2017 by Taran Chhabra and Amar Preet Singh, Neeman’s is a sustainable shoe brand that uses completely natural, renewable, recyclable and chemical-free materials to reduce the carbon footprint. Hyderabad-based shoe brand Neeman’s has raised about $1 million (around Rs 7.28 crore) from a clutch of investors including Anicut Angel Fund, Angelist among others. […]

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Lakhani Infinity Footwear
Footwear News

Lakhani Infinity Footwear plans to walk deeper into West Bengal

The company, which largely has a presence in North India, plans to head South later Lakhani Infinity Footcare, which owns and markets footwear under the ‘Lakhani’ brand, plans to expand into West Bengal and later into the Southern states. The company will initially target Tier-II markets. Lakhani is a 55-year-old homegrown brand, but its presence […]

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Footwear
Footwear News

Agra footwear industry stares at losses due to coronavirus

Every year, leather shoes worth over Rs 3,000 crore are exported to European countries from Agra. The US and several African countries are also important destinations for Agra footwear, say industry sources. AGRA: The outbreak of the deadly novel coronavirus (nCoV2019) in China has affected the footwear industry in Agra as supply of raw material […]

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Footwear
Footwear News

Mumbai-based footwear and accessories retailer Metro Brands eyes greater online presence

Expects e-comm’s share of turnover to go up to 10% Mumbai-based footwear and accessories retailer Metro Brands Ltd, which houses brands like Metro Shoes, Mochi, Walkway and Davinchi, and operates retail stores for Crocs in India, is eyeing a larger presence in the online segment. It expects growth to primarily come through its premium offerings […]

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Tata Footwear News
Footwear News

Tata International, Clarks Future Footwear planning to expand in India

India’s footwear market was valued at Rs 47,945 crore in 2018 and is expected to grow at a CAGR of 13 per cent over the next five years Two major leather footwear and fashion products players are planning to expand their presence in India in the next few years. According to industry experts, India is […]

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Footwear News

Footwear brand Walkaroo, a VKC group company, eyes youth to double sales turnover

Walkaroo from U4ic (Euphoric) International, a VKC group company, is gearing to strengthen its brand image with greater focus on trendy footwear for youth. The brand is targeting a two-fold increase in its sales turnover to ₹1,000 crore this year against ₹480 crore last year. The five-year-old brand has chosen Bollywood actor Aamir Khan as […]

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Aqualite news
Footwear News

Lighthouse invests Rs 250 cr for minority stake in Aqualite

Aqualite, which has two manufacturing units in Haryana and Rajasthan, is expecting a turnover of over Rs 800 crore in the current financial year. The Aqualite investment marks the fourth investment for Lighthouse in the current year. Lighthouse India Fund III, an affiliate of private equity firm Lighthouse Advisors, Tuesday said it has invested over […]

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