Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
Dec, 22 2016

Puma hopeful about its growth in Indian market

Puma witnessed 14 per cent rise in sales for calendar year 2015 at Rs 878 crore and in August got government approval to set up its own retail and e-commerce operations.

Months after getting FDI approval for single brand retail, German sportswear firm Puma is very bullish about Indian market and expects categories such as women's products, running and sport style range to drive future growth.

Abhishek Ganguly, MD, Puma India, said, "We are going to be very bullish about the India market..Prime driver of growth for Puma going forward will be new innovations and launches. Category wise, we are extremely excited about the women's products, running and sport style products."

Puma, which reported 14 per cent rise in sales for calendar year 2015 at Rs 878 crore, in August got government approval to set up its own retail and e-commerce operations.

Ganguly further added, "Our own e-commerce will be a very important strategy next year...We want to have direct engagement with our consumers, hence we are putting in lot of effort in communicating with our customers through our portal."

He also said, "We have had huge success in India in a very short time. While we have expanded our retail network.We have not expanded mindlessly. We never looked at opening stores as a marketing tool. We will keep same approach going forward".

Puma has opened about 25 stores this year. It currently operates 350 stores in 110 cities.

Comment
Related opportunities
  • Finance Advisors & Brokers
    Great chance to join hands with SMC GLOBAL SECURITIES LTD..
    Locations looking for expansion New Delhi
    Establishment year 1990
    Franchising Launch Date 1998
    Investment size Rs. 2lac - 5lac
    Space required 250 -500 sq feet
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Central Delhi New Delhi
  • Drinking water supply
    Pride In every Drop, Indus Pride- Inviting Partners“INDUS PRIDE” is..
    Locations looking for expansion Rajasthan
    Establishment year 2000
    Franchising Launch Date 2012
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 1500 - 2000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Jaipur Rajasthan
  • Opticians/Eye Wear
    About:Optic house, introduced by Mr. Jagdish bhai Patel is a..
    Locations looking for expansion Gujarat
    Establishment year 1993
    Franchising Launch Date 2003
    Investment size Rs. 30lac - 50lac
    Space required 250 - 700 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Ahmedabad Gujarat
  • About The Maurya School :-The Maurya School is a Co-Educational Senior..
    Locations looking for expansion New Delhi
    Establishment year 2013
    Franchising Launch Date 2016
    Investment size Rs. 5 Cr. above
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New Delhi New Delhi
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