Bata and Apex to open more stores
03/03/2008
With footwear demand growing at an estimated 20% a year in Bangladesh, important retail groups are expanding across the country.
Bata, which currently has 237 retail outlets in Bangladesh, has announced that it will open 40 new stores in the course of this year. And rival Apex Adelchi has said it will open 20 new outlets to add to the 70 it has already.
On announcing the development, Doug Hearns, managing director of Bata Shoe Company Bangladesh said: "Our strategy is rapid expansion because the middle class is growing here. We have shifted our focus from family stores to city stores to display fashionable products."
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