Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
May, 27 2015

Catwalk eyes North Eastern market

Catwalk Worldwide Private Limited, one of the renowned names in Indian footwear industry is looking to add 60 Points of Sales (POS) per annum with an investment of Rs 8 lakh for each.

Catwalk Worldwide Private Limited, one of the renowned names in Indian footwear industry is looking to add 60 Points of Sales (POS) per annum with an investment of Rs 8 lakh for each. The brand has been successfully operating with 229 POS and revenue of Rs 30 crore till date. Anticipating its future growth, the brand has projected to add 60 POS by FY 2016.

Catwalk has a wide presence in tier I, II and III cities and it eyes great potential in the North Eastern market. Sharing a word on franchising, Asif Merchant, Managing Director, Catwalk Worldwide Private Limited says, “For footwear industry, franchising is a feasible model. It has been successfully undertaken by our predecessors. Urban cities contribute around 45% of the footwear market; however tier II and III cities are fast catching up.” In the last two years Catwalk has added 32 POS in tier I cities, 58 in tier II and 33 in tier III cities.

On the challenges faced in this industry Merchant explains, “Continuously growing efficiently in the same store remains a challenge for us. Curing margins which are under pressure due to high taxation and discounting is another issue.” In the fast emerging era of e-commerce and m-commerce, Catwalk follows omni-presence.

“Rising influence of western culture along with increasing ability to spend has greatly driven the demand for footwear in India. All channels support the sale of brand strongly. We see opportunity in different kinds of channels and believe in their co-existence,” adds Merchant. 

Comment
Related opportunities
  • About the brandLaunched in 2009, Nailspa experience, a venture of..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2016
    Investment size Rs. 20lac - 30lac
    Space required 110 - 390 Sq.ft
    Franchise Outlets Less than 10
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Payment Solution services
    Business DetailsBecome part of Digital India Drive! Start your own..
    Locations looking for expansion New Delhi
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 2lac - 5lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South West Delhi New Delhi
  • Physiotheraphy centre
    INTRODUCTIONWellneZZone*, is India’s most favorite Chain of Wellness Centers, an..
    Locations looking for expansion Tamil Nadu
    Establishment year 2000
    Franchising Launch Date 2015
    Investment size Rs. 50 K - 2lac
    Space required 600 sq. feet - 1400 sq. ft. Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Chennai Tamil Nadu
  • About WashiteriaWashiteria Laundromat  (Self-Service,attendant service, home pickup  ..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 250 - Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities