In addition to this if you check the Google trends, it is clearly indicating the Redtape search traction in last few years.
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Yesterday this new store has opened. It’s amazing to see the speed with which they have been able to execute this.
I went and did some shopping… interesting to see that they bring/copy the new fashion doing well in premium brands very quickly 
Ayush
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sir ,from which site you do graphical valuation
If you are talking about this post
Then it was from https://www.tijorifinance.com/
I’ve become a regular visitor to my local store lately, and I must say, their selection across various categories is truly impressive. Have bought a lot of stuff from them. While I understand that personal taste plays a role, I find their curation to be consistently excellent.
In particular, their range of non-footwear items such as clothing and accessories is remarkable. These products have been contributing significantly to their revenue, already surpassing 43% last quarter, and they’ve secured substantial shelf space in the physical stores. In my opinion, they’ve transcended the traditional perception of being solely a shoe company. Comparing them solely to brands like Bata and Relaxo may no longer be as appropriate as it used to be. They’ve evolved into something more, perhaps a fashion retailer.
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What if they eventually prove the thread’s title right? You guys treating me then.
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Better late than never…Just came across this one month old article.
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As mentioned in last AGM, Redtape have launched ‘backpack’ category also. Available at Amazon and Flipkart.
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Hey, I tried visiting Redtape outlets in South Delhi but unfortunately most outlets had either closed or were just selling the clothes alongside other brands. I went to three stores based on google maps - one in Ansal plaza had closed (like most other stores in AP, including decathlon), two others in Lajpat Nagar were selling only clothes alongside other brands. The owners told me Shoes are only sold in Red Tape exclusive stores while clothes are being sold in multi retails stores as well.
Not sure how to interpret this change. Any inputs regarding these changes? Is it for efficiency or are they cutting down the costs or some other factor
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Had applied for red tape franchisee - to understand the store economics
Got this deck - which includes some recent KPIs
Red Tape Deck.pdf (2.9 MB)
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Thanks for this.
Were you able to get any insights about per store economics, specially the franchise owned stores, and about RedTape’s commissions?
Yes, seems like franchisee gets about 25% on sales. Attached pdf includes details.
Red tape expression of Interest Online Store (1).pdf (143.5 KB)
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Since company imports 75% of its products from Bangladesh (as per Crisil credit rating report mentioned in the earlier post), what could be the impact of Bangladesh unrest on this company? Folks who are invested in the company can respond
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In the previous quarter, the materials purchased were added to the inventory, resulting in a negative value for Cost of Goods Sold (COGS). This quarter, the materials are being used from the existing inventory, which leads to a positive COGS.
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Correct me if I am wrong, but I think this means in this quarter there was a 29.4 cr inventory provision hit for the company, while in the previous quarter there was a release of 26.1 cr for previously provisioned inventory which got sold.
The provision hit makes sense also as the company is sitting on 300 days of inventory. Whether this is a one off, or major issue of inventory ageing will get to know only post next quarters result.
Status : invested
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Honestly what frustrates is company’s lack of quarterly presentations and concalls. For the brand RedTape is (I liked redtape leather shoes from early 2000s), they need to improve their IR big time. AGM cannot be the only place to interact with management.
We don’t know how Bangladesh issue would impact them either. I hope inventory provide(d) some buffer this quarter(??).
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Any idea on how many stores they have added in the quarter, not sure why the Quarterly revenue is dipping, last quarter was also bad, is the management reporting complete numbers ?
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