New York-based $5.75-billion Foot Locker, the worldâ€™s leading retailer of athletic footwear and apparel, is firming up its India entry plans.
According to sources, the US major has started due diligence for the Indian market and is looking at setting up its first store through a franchisee arrangement early next year.
The company is learnt to be in talks for a franchisee arrangement with Shoppersâ€™ Stop. A senior company executive confirmed that prospective models for partnership are being explored.
But an e-mail query from ET elicited the following response from the company PR representative: â€œCurrently, we have no such plans.â€
As per existing FDI regulations, the only entry route available to Foot Locker is to tie up with an Indian retailer in a master franchisee arrangement, where it pays a certain licence fee to the American company for using its brand name.
e² Young Engineers
Build Your Tomorrow. Today! CLICK HERE TO VISIT OUR WEBSITE Background: We are e² Young Engineers Young Engineers enrichment programs combine education + entertainment = edutainment. We created a variety of different programs that can be used to teach science, technology, engineering, math (STEM). Children joining our educational community can learn and enjoy arithmetic, physics, […]
Motiply Mobile App Business
Make Money – Start a MOBILE APP Business Mobile websites are hot and in demand like never before thanks to the explosion of mobile devices such as smartphones and tablets. Businesses are paying BIG money for mobile website and app design and now YOU can get a piece of the action! The With our training […]
Open A Boutique