Business Wire India
The asset-light model expansion strategy of the brand continued to strengthen its retail presence in tier II & III cities by opening 21 new retail stores during the third quarter taking the total retail presence to 768 stores. The company has achieved steady revenue growth across both its businesses – retail and distribution, and significant improvement in margins for Q3FY22.
Key Performance Highlights:
About Khadim
Khadim began in the 1960s as a humble shoe store in Chitpur to become a popular and much-loved footwear brand of the new millennials. Today, Khadim has grown to 768 branded exclusive retail stores across 23 states and 1 Union Territory nationally. The Company is the second-largest footwear retailer in India, it has the largest presence in East India and is among the top three footwear brands in South India in terms of exclusive stores operating under the Khadim brand through the Retail vertical. It also strives to become an emerging brand in West and North India The core business objective of Khadim is ‘Fashion for Everyone’, and the Company has established an identity as an ‘affordable fashion’ brand, catering to the entire family for all occasions.
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