Flip Flop Shops expands to South Africa
Atlanta-based Flip Flop Shops is expanding to South Africa. The news comes on the heels of the company’s announcement in late January it has inked a franchise deal with Al Mana Fashion Group to open 50 stores in the Middle East.
The company says it will develop 25 additional shops throughout South Africa, Zimbabwe and Mauritius.
“The global footwear market is a nearly $200 billion industry, and the growth within the flip flops and casual footwear segment is explosive,” said Brian Curin, the President and Co-Founder of Flip Flop Shops. “Flip Flop Shops’ continued expansion into new international markets, including Canada, the Caribbean, the Middle East and now South Africa, is proof positive that consumers worldwide are looking to embrace the lifestyle benefits of more relaxed, casual footwear.”
The expansion is part of a master franchise agreement with Barefoot, an experienced retail group in the region. The first Flip Flop Shops location is expected to open by mid-year, with additional shops opening throughout the region over the next 10 years, Flip Flop Shops said.
Financial terms were not disclosed.
Flip Flop Shops runs nearly 100 locations globally and has more than 100 shops in development, not including the expansion to the Middle East and South Africa, Zimbabwe and Mauritius.