Mumbai: With an aim to expand its footprint further in India, British footwear brand, Pavers England, plans to open 19 exclusive franchisee stores by the end of this fiscal, a top company official said.
The company presently has six exclusive franchisee stores in Mumbai, Delhi, Hyderabad and Chennai.
“For us, India is the biggest opportunity and we plan to increase our number of exclusive franchisee stores to 25 by end-this fiscal,” Pavers England Footprints Limited (PEFL) president and chairman, Stuart Paver, told PTI here.
The footwear retailer would be opening six exclusive franchisee stores in the next six weeks in the existing cities and one in Bangalore, he said.
Footwear market in India is growing rapidly and is poised to reach the Rs40,000-crore mark in the next five-years, Paver said.
Pavers England also plans to double its point of sales by end-FY 11, he said.
“Presently, we have 100 point of sales and plan to add 100 more by the end-this fiscal,” Paver said.
The company, which started its operations in India in 2008, caters to a niche market and has a range of footwear in both the men and women segments.