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	<title>Retail News Update &#187; Reebok</title>
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		<title>Reebok on expansion spree, to open 230 stores in FY&#8217;08</title>
		<link>http://artrm.com/retail-news/2008/08/reebok-on-expansion-spree-to-open-230-stores-in-fy08/</link>
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		<pubDate>Wed, 06 Aug 2008 14:32:04 +0000</pubDate>
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				<category><![CDATA[Chain Stores]]></category>
		<category><![CDATA[News & Articles]]></category>
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		<category><![CDATA[Footwear]]></category>
		<category><![CDATA[Reebok]]></category>
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		<description><![CDATA[NEW DELHI: Global sports wear brand Reebok said on Monday that it is on a major expansion in India which would see the company open one store in almost every two days, taking the total number of stores to 850 by the end of 2008-09. &#8220;The company, which currently has 620 stores across the country, [&#8230;] <a class="more-link" href="http://artrm.com/retail-news/2008/08/reebok-on-expansion-spree-to-open-230-stores-in-fy08/">&#8595; Read the rest of this entry...</a>]]></description>
				<content:encoded><![CDATA[<p> NEW DELHI: Global sports wear brand Reebok said on Monday that it is on a major expansion in  India which would see the company open one store in almost every two days, taking the total number  of stores to 850 by the end of 2008-09. </p>
<p>&#8220;The company, which currently has 620 stores across the country, is going for a substantial increase  in its distribution, which will see its sales going up by 30 per cent per annum,&#8221; Reebok India  Managing Director Suvhinder Singh told PTI. </p>
<p>&#8220;Besides consolidating our existing position in metros and tier I cities, we are also going for a major  expansion in tier-II and tier-III and lower-tier cities&#8221;, he added. </p>
<p>However, he refused to divulge any investment details. &#8220;It is not the company&#8217;s policy to reveal  investment and sales figures,&#8221; he said on the sidelines of the Pure &amp; Play Retail Summit here on  Monday. </p>
<p>The company has grown six-time in the last five years and controls 53 per cent of Indian footwear  market, Singh said, adding that they would be also bringing in new products. </p>
<p>&#8220;We want to maintain the current position and bring new innovation and formats in various segments.  We are bringing out 20 new footwear models every quarter, besides a new apparel in every 45  days,&#8221; he said. </p>
<p>Reebok is also planning to open specialised junior stores for its young customers. As many as seven  such stores will come up in Hyderabad, Mumbai and Delhi among other cities. </p>
<p>The company would be aggressive on its marketing strategy as it plans to expand its business in the  country. </p>
<p>&#8220;As part of our marketing strategy we have roped in Bollywood stars and cricketers as means of  communication platform as Indian customers have a tendency to associate with them,&#8221; he said,  adding that the company wants to utilise this for expanding into smaller cities. </p>
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