Relaxo Expands Retail Footprint with New Exclusive Brand Outlet in Malviya Nagar, Delhi

Relaxo Footwears Ltd., India's largest footwear manufacturer today announced the grand opening of its newest Exclusive Brand Outlet (EBO) in Malviya Nagar, Delhi. This significant addition strengthens Relaxo's commitment to offering stylish, durable, and affordable footwear closer to its customers in one of the capital's most vibrant parts.

The launch of this outlet is a key milestone in Relaxo's retail journey in Delhi NCR, where the brand now operates across 74 stores in the region, solidifying its position as a household name for quality footwear in the region. The Malviya Nagar outlet is designed with a modern, inviting ambiance, ensuring customers enjoy a hassle-free and enjoyable shopping experience. By prioritizing innovation, affordability, and quality, Relaxo continues to redefine footwear shopping in India, aligning with evolving consumer preferences.

The new store in Malviya Nagar showcases Relaxo's flagship brands, including Flite, Sparx, and Bahamas, offering a diverse range of footwear that blends style, comfort, and functionality. From everyday essentials to trendsetting designs, the store caters to a wide array of customer preferences, ensuring a seamless and satisfying shopping experience.

Speaking on the launch, Mr. Nitin Dua- Executive Vice President Retail, Relaxo Footwears Limited said, "Delhi has always been one of our most important markets, and we are thrilled to strengthen our presence here with the launch of our 60th outlet in the state. Malviya Nagar, being a bustling hub, presents a great opportunity to connect with our customers more closely and provide them with an enhanced shopping experience. We are excited to bring our wide range of footwear to this vibrant neighbourhood and look forward to serving the community."

With this opening, Relaxo's retail presence has now expanded to 413 Exclusive Brand Outlets nationwide, a testament to the company's unwavering focus on making premium footwear accessible to both urban and semi-urban markets.

Shares of Relaxo Footwears Limited was last trading in BSE at Rs. 430.65 as compared to the previous close of Rs. 435.50. The total number of shares traded during the day was 10419 in over 685 trades.

The stock hit an intraday high of Rs. 435.15 and intraday low of 421.05. The net turnover during the day was Rs. 4456473.00.

Source : Equity Bulls

Keywords

RelaxoFootwears INE131B01039 NewEBO RetailOutlet MalviyaNagar Delhi