Global companies just can’t get enough of India. Everyday someone or other sets up a shop in India, either by way of tie-up or self owned.
Reebok today announced that they are setting up the largest retail store of Reebok Worldwide in Hyderabad, India.
The first question that struck me when I read the news was, whether India has such a big market for premium shoes that it should command World’s largest Reebok store. My immediate reaction was a “Big NO”.
However, I soon realized that the market as of now may not be that big, but to think that it will remain the same few years down the line will be foolish.
With the kind of growth Indian middle class is witnessing currently, it will not be too long before likes of Reebok and Nike start minting money in Indian market.
Add to it, India’s growth and appreciation of Rupee expected in a next few years and it makes perfect sense for Reebok to setup a shop in India, that too the largest in the world.
Here are the excerpts of the Press release that released today:
Reebok, the world’s leading sportswear brand launched its largest exclusive store that spans across 15000 sqft. Located at Jubilee Hills, Hyderabad, the store was inaugurated by Mr. Subhinder Singh Prem, Managing Director, Reebok India, followed by a fashion show unveiling their fall winter 2007 collection.
Taking retail to new heights, Reebok’s new store offers the finest shopping ambience to customers with products displayed by categories such as ‘Running’, ‘Walking’, ‘Aerobics’, ‘Tennis’, ‘Cricket’ and ‘Lifestyle’, to help customers make better purchase decisions. Built across 2 floors with individual customized sections for fitness, sports, lifestyle etc, the store offers a world class shopping experience. It’s the only single brand store with an escalator built inside the store with two floor high glass wall carrying footwear, built in a circular fashion around it. So its literally a ride through a maze of footwear, giving you a complete sense of the brand coupled with an over whelming sense of stylized shopping and delight of choice. With the focus on service and exceptional ambience paramount to Reebok’s objective to providing an experiential shopping experience, the newly opened Reebok store promises to offer a larger-than-life feel to the customers.
It offers different segments for both men and women like sports and fitness footwear, apparel, accessories, fitness equipment and the lifestyle section. A stupendous cornucopia of women’s dance, fitness, training, and sports collection is also present at the store. The store also has a corner – KREATE YOUR OWN SHOE in which a customer can actually design their own shoe by choosing the colour, lace, type of sole etc and buy it too!
hi!!
sir…
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Hello sir,
This is prakash from kumbakonam in tamil nadu state. I willing to start a reebok show room what to do, where i contact ,which person whom to contact i dosent know can u give all information about that please…………
Thanking you
R.Sahaya prakash
cell: 9843678843
I want to open a Reebok showroom in Mancherial, Adilabad District, Andra Pradesh.
So, Please send me details regarding the terms and conditions and the procedure to follow up the things.
please give me all the information about Reebok tracksuit products price,company,promotion,manufacturing etc…
Thanks and Regards,
Raj Kumar,
Mobile : +91 – 949 373 6884,
Email Id: [email protected].
hellw frnds i want presentation (ppt) on factors affecting purchase decision of branded sports accessories(REEBOK)………..
I want to open a Reebok showroom in Ballia Uttar Pradesh i think there are good market for reebok. So, can you please give me the guidelines as to how I should go about in opening one. May you also please tell me the minimum amount of capital required in it. Thank u.
Pratap Verma
mobile no – 09891282616
sir i want to open reebok shop in alwar rajasthan so informe me your term and condition
ravi jain
mobile no 09460472200
09414410333
Hi friends I need to open a reebok showroom in my city its my dream just guide me to achieve it plz…
Respected sir ; my name is naveen polusani ma doing my MBA with MARKETING, i have a new concept for our copany shoe.i confdently saying after lanch my concept the reebok brand is very high in india.iam very confident and active to say this advatisent concept.please give me a chance to proo my talent. my address;vi NALLABELLY.mndl;WARDANNAPET.dstrc;WARANGAL.ANDRAPRADESH,pincode506310.NAVEEN POLUSANI s/o RAMCHANDER RAO.
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tanx .
reebok is a gud compney for job
plz give me procedure for job opportunity in reebok compney
i want email id to hr department
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Hey i am looking for a job in retail store of reebok in Kanpur . May i know the procedure for it
Sir
we have a big showroom at the prime location in the heart of kanpur and we want to open a Reebok Showroom plz contact me or send your representative.And plz let me know your Terms and Conditions.
Contact no.9839035824
I want to open a Reebok showroom in Churachandpur, Manipur. So, can you please give me the guidelines as to how I should go about in opening one. May you also please tell me the minimum amount of capital required in it. Thank u.
Lalboi Hangshing
please give me all the information about reebok trakesuit products price,company,pramotion,manufacturing etc…
Dear Sir
I have purchase rebook shoes in sum scheme but i want to replace that shoes becuse of it colour and i can pay difference amount plus sum more amount also as that shoes is approx 2600/-
So I request you to please replay me on my mobile number or Email.
Thanking you
Regard
Harish R Gupta
Mobile : 09822567084
we own a shop in dd urs road mysore. we would like to rent that shop… please let me know the terms and conditions…
my no is 9964278776
i want to open reebok showroom at kotputli district jaipur, pliz send me what to do…i need your help.
+919829989211
hii sir, agar aapko kuch information pata ho to mujhe bataye, kaise me reebok ki dealership le sakta hu and cost kya hoga. pls help me.
my id- [email protected].
thankyou.
Hey i am looking for a job in retail store of reebok in Jaipur . May i know the procedure for it.
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thanks
tshering dorji
hi
i want to rent/lease my commercial showroom in shopping mall in panchkula haryana.
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my no. is 09872417373
hi
i want to open reebok shop in chennai – 600072.
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 hi i would like to open a reebok showroom in JAYTALA NAGPUR so please send me the information/guidelines. thank you
RAVI deSHMUKH
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thank you
samuel Rai
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your faithfully
manoj chauhan
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@ Full2Enjoy, you sure got the bragging rights…but I must say Hyderabad has attracted lots of MNCs and retailers in recent times, thanks to the previous reign of Chandrababu and his successor has followed suite….
@Indian Blogger, thanks for your comment…Infact, even currently Reebok holds 51% of market share in premium shoes area. However, what one must see is the overall size of that market in itself. I bet the market is less than 2-3% that of US or China. So even if Reebok manages to get 100% market share, does it justify this kind of investment. However, like I said in my article, the market is growing and they are investing for future than for the present..
@Dyutita….you are absolutely right, the strategy is to move in fast and create a name before anyone else does, thus, creating a foundation for faster growth…
Hey i believe that penetration of rebook in tier-2 cities is not a very good decision, as per his manager or CEOs statement: total revenue from tier-II cities is meagre 15 %. rest from Tier-I cities,
But if we see other way round then it may be a strategic ball of Ist mover advantge from reebok.
Hey, that’s a cool news man. The biggest Reebok shop and that too in my very own city ‘Hyderabad’. Ahem, i got a bragging point ;)
The shop is a must see for me on my next trip home.
I am not surprised. Reebok is the market leader in India , ahead of Nike, Adidas and Puma unlike the case with other nations. They see superb growth here in the India market and it makes a sound decision to invest here and increase their market share or retain it. You are underestimating the Indian market, my friend.