Hotline: 1800 102 2007
X
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
  • Bars, Pubs & Lounge
    About Us: Local Gastro Bar is one of the new entrants..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 5000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater PUNE Maharashtra
  • Bakery & Confectionary
    About US:  Incorporated in 1991, Lucky’s Bakery & Patisserie, is a..
    Locations looking for expansion Delhi
    Establishment year 1991
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 125
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Hotel Chain
    About Us: MINT Brand was founded in Nov. 2015 with a..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • About Us: Ethix Industries takes great pride and happiness to introduce our..
    Locations looking for expansion Tamil nadu
    Establishment year 2000
    Franchising Launch Date 2012
    Investment size Rs. 2lac - 5lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
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