Why Liberty Shoes Shares Have Doubled in a Year

Adesh Gupta, chief executive officer at Liberty Shoes

Liberty Shoes had a fantastic year so far; its shares are up 133 per cent from the 52-week low of Rs 114 hit on January 30. A careful analysis would reveal that most of the gains have come in the last one week.

Liberty Shoes jumped more than 30 per cent over last week, buoyed by the introduction of the constitutional amendment bill for Goods and Service Tax in Lok Sabha on Friday.

The implementation of GST will increase the competitiveness of organized players in the footwear industry, helping companies such as Liberty Shoes, analysts say.

The sharp fall in crude oil prices has also contributed to the strong rally in Liberty Shoes. A lot of raw materials used by the footwear industry are derived from crude oil and prices of these raw materials have come down tracking the crash in crude oil prices.

Adesh Gupta, chief executive officer at Liberty Shoes told NDTV that the fall in raw material cost has offset the increase in labour cost and led to improvement in margins.

"Material cost is 33 per cent of the maximum retail selling price," he added. (Watch full interview)

Liberty Shoes' core business also picked up in 2014. According to Mr Gupta, all three business segments-domestic, institutional exports posted about 30 per cent this year.

"We have plans to open about 100 stores each year, which should give us a solid growth going forward," said Mr Gupta. 60 new stores would be franchise-owned, while 40 stores would be company-owned, he added.

Majority of the new stores would come up in tier-2 and tier-3 cities, where rentals are lower, the company said.

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Why Liberty Shoes Shares Have Doubled in a Year

The Fightin’ Texas Aggie Band is coming to the AutoZone Liberty Bowl – Video


The Fightin #39; Texas Aggie Band is coming to the AutoZone Liberty Bowl
The Fightin #39; Texas Aggie Band, the largest military band in the country, is coming to the AutoZone Liberty Bowl. Nationally known for its precision military marching formations on the football...

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The Fightin' Texas Aggie Band is coming to the AutoZone Liberty Bowl - Video

Upbringing shapes North Liberty pantry director

December 24, 2014 | 12:01 am

NORTH LIBERTY Tina DuBoiss voice is matter of fact when she talks about her childhood. Shell tell you about the Christmas she and her sister got coloring books and a table her father made from a door, or how she knew it was a bad year when she and her siblings didnt get socks and underwear for the holidays.

She doesnt hide that she and her sister begged their mother to put them on their schools free and reduced lunch program or that she had to ask for permission to get a $4 pair of canvas shoes to replace the ones that had fallen apart.

If shes bitter that she had so little when some others may have had so much, it never shows. Instead, DuBoiss voice is full of determination and its clear those memories fuel her current passion making food and resources accessible to the families of North Liberty through her role as the executive director of the North Liberty Community Pantry.

I think people should understand that the experience itself isnt the hard part, DuBois said. Its the judgment of others that is the hard part.

Born and raised just outside of Bloomingdale, Mich., DuBois, 38, said there were times that were worse growing up and times that were better, but there was never a time we had a whole lot.

Both her parents worked. Her mother was a secretary and her father sold insurance and worked in construction. Neither was paid very well.

Her grandparents helped the family out by providing produce from their farm.

After graduating high school, DuBois went to Cornell College in Mount Vernon, where she double-majored in psychology and elementary education. While still in college, DuBois obtained an internship at the Cedar Rapids-based Tanager Place which offers programs and resources to children and family and was hired on upon graduating from Cornell in 1999.

Two years later, with Tanagers assistance, DuBois began taking courses at the University of Iowa, where she pursued a masters in social work while working full-time. It was during that time DuBois went to the North Liberty pantry in 2004.

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Upbringing shapes North Liberty pantry director