Liberty Shoes going south for new retail expansion

Liberty Shoes plans to invest Rs.30-50 crore in the next one year to expand its retail presence in the South Indian market. The leading footwear company invests Rs.50 lakh to Rs.1 crore in each exclusive store. The company currently has 37 exclusive stores and will open about 50 new stores in South India, during the next 12 months. Nearly 80 percent of these would be in the Tier-II and Tier-III cities. Of course, those signage companies whose main activities revolved around in-shop displays would find a new business with the opening of the high-end shoe outlets.