Relaxo news and archive

Relaxo to open more retail stores this fiscal

Shoe brand Relaxo plans to open 50 outlets this fiscal. This will give the footwear maker a total of 350 stores. The new outlets will be a mix of company owned and franchised stores. Relaxo has been growing at a compounded annual growth rate of 20 per cent in the last five years. The company had a 18 per cent growth in the previous fiscal. Based...

Retail

Relaxo Footwears plans to add new stores to take on competition

Relaxo Footwears, the largest footwear maker in India by volume, will add 50 outlets this year as it plans to expand its retail network to inch closer to Bata, which is bigger in terms of revenues. The brand has 300 outlets at present in the northern and eastern markets. The exclusive outlets contributed Rs 170 crore to the company's topline of...

Retail

Relaxo adopts a new logo

Footwear brand Relaxo has got a new logo as a part of its new brand identity. Relaxo currently operates 261 stores spread across 143 cities in nine states and the product range includes footwear for children, men, women and professionals. The company is expanding its reach aggressively in key target markets in the south and the west. With this...

Retail

Relaxo Footwear’s ropes in Salman Khan for Bahamas TVC

The new TVC of the Indian footwear brand Relaxo has actor Salman Khan endorsing it. The 42-minute video shows a group of young boys and girls looking bored in a well-decorated room but the moment Khan enters wearing Bahamas flip flops, the room turns into a vibrant party spot. The brand Bahamas transports one into the world of free spirit and...

Retail

Relaxo wins trademark fight against Bata

Relaxo Footwears has reached a settlement with its competitor Bata India over the use of trademark 'SPARX'. The fight for the trademark ended in favour of Relaxo Footwears. “The company has executed a deed of settlement with Bata India for assignment of trademark 'SPARX' in favour of Relaxo Footwears,” the company said in a BSE filing. It...

Apparel

Relaxo Footwear Q4 revenues grow 20.6 percent

Relaxo has reported mixed set of numbers for the fourth quarter ending in FY 2013. Revenue for the quarter grew considerably by 20.6 percent year-on-year and stood at Rs 291 crores, says an Angel Broking report. It was beyond agency’s expectations of Rs 275 crores. However, on the operating margin front the company witnessed a contraction of 269...

Apparel

Relaxo perks up expansion plans

Delhi-based regional brand Relaxo Footwear has big plans to convert itself into a national player. After signing up Bollywood actors Salman Khan and Katrina Kaif as brand ambassadors for its flip flops and slipper brands such as Hawaii and Flite, it is now bringing in Bollywood star Akshay Kumar for its sports shoe brand Sparx, to garner...