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Fashion 2022-07-19

Plaeto, D2C footwear brand: Raises funds

19 July 2022, Mumbai:

Plaeto, A known D2C footwear brand for children, has raised Rs40 crore in a Series A round of funding led by former Blackstone India private equity co-head Mathew Cyriac’s Florintree Advisors and other investors.

The communication campaign has been curated & developed by an innovative and nimble outfit.

ALSO READ ICRA: Footwear industry revenues to keep growing till 2023

Plaeto is a result of extensive R&D to cater to the unique requirements of Indian children,” Ravi Kallayil, CEO and co-founder, Plaeto, said. His passion to support children and cultivate a culture of play has helped us immensely over the last few months.

CREDITS: MINT

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Fashion 2022-07-19

Bhima Jewels: Launches stores in Hyderabad

19 July 2022, Mumbai:

Bhima Jewels, a Gold and diamond jewellery brand launches two stores in Hyderabad, Telangana and plans are afoot to open retail outlets Pan-Telangana & Andhra Pradesh in the coming future.

The striking feature of the store is that it introduces ‘Bhima Prive’ bespoke jewellery collection and a curated personalised shopping experience to delight discernible customers.

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The company intends to well invest in the business to meet & exceed customers' expectations, the stores in question are essentially the brand's signature stores.

As a part of a larger scheme of things, the store openings are a part of the brand's stated mission in the addressable geographical region.

CREDITS: Fashion Network

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Fashion 2022-07-19

Bhima Jewels: Launches stores in Hyderabad

Cloudtailor: Gets into brick-and-mortar

15 July 2022, Mumbai:

A direct-to-consumer platform Couldtailor has entered the offline market with the launch of two exclusive brand outlets (EBO) in south India.

A direct-to-consumer platform Cloud Tailor plans to expand its personalized fashion fulfillment centres across eight Indian cities besides growing its technology team and marketplace business models.

ALSO READ Under Armour opens fourth store in 'Jio World Drive Mall, Mumbai'

The project will disrupt the D2C fashion space through technology and cultivate consumer relationships across the globe with those seeking quality. The partnership will make Cloud Tailor a D2C brand to reckon with in the personalized fashion sector, says Ashwani Singh, 35North Ventures.

Founded in December 2020, Cloud Tailor is the brainchild of Hyderabad-based wife-and-husband duo, Susmitha, and Rudra Pratap. Cloud Tailor claims that it will be operational across 20 cities in the coming two quarters.

CREDITS: Fashion Network

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Fashion 2022-07-15

Online retail spending in India to grow to $300 bn: BCG report

09 July 2022, Mumbai:

Online retail spending in India is expected to grow nearly six-fold to $300 billion by 2030 with expansion in the number of digitally-influenced shoppers and online shoppers, says a Boston Consulting Group report.

The report adds, the number of digitally-influenced shoppers has grown to 280 million from 260 million and online shoppers have grown to 230 million from 210 million in 2021.

ALSO READ Online retail continues to surge despite store sales recovery

These numbers are expected to increase by 2.5 times over the next decadewith online retail spending growing by sixfold, adds the report.

The pandemic encouraged new-to-online shoppers and existing shoppers to increase their online purchasing, as physical shopping channels closed or became difficult to access, says Nimisha Jain, Senior Partner and Managing Director, BCG India.

Digitally-influenced retail spend is expected to surpass $1.5 trillion by 2030, and account for about 80 per cent of total retail spends, according to the BCG report.

The survey was conducted with over 10,000 Indian consumers, across more than 40 metro to Tier IV cities and 50 rural towns and villages, and was overseen by BCG's Center for Customer Insight, according to the report.

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Fashion 2022-07-09

Online retail spending in India to grow to $300 bn: BCG report

Pure London: Bouyant as Buyers Return

17 July 2022, Mumbai:

DAY ONE AT PURE LONDON BUOYANT AS BUYERS RETURN IN FORCE TO OLYMPIA

Purely Sustainable and Pure Edge Launches Announced.

Pure London, the UK’s leading fashion buying show, welcomed thousands of retailers from across the UK including Hoopers, Øst London, Jane Young, Agatha Boutique, McElhinneys, N Shelly, LilyRose Boutique, Charcoal Grey Boutique, Ocean Blue, Pearl & Grace, Libellula, White Feather Sherborne, Sirene, and Loulou Boutique, despite the soaring temperatures outside. With its new modern cooling system keeping Olympia cool, the buyers commented on how delighted they were to be back at the show and exhibitors were upbeat about the high calibre of visitors.

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Roberta and Carl Jacklin from Agatha Boutique, Lincoln said: “The way the show has been organised is fantastic, we like how it is divided into destinations and the vibe of the show is really good. We come every season to see if there are any new brands that we have missed or any trends to be alerted to. Post pandemic, it’s nice to be able to see and feel brands rather than doing your buying on Zoom.”

Lara Kinnett from Newmarket-based store Martha V commented on the importance of in-person business: “It’s so important that we’re back, face to face, but more than that, being able to touch and feel the garments and have all the exhibitors in one place; it lets you see the bigger picture.”

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Fashion 2022-07-18

Khadim: Forays Into Travel Retail

13 July 2022, Mumbai:

Khadim India Ltd, the second-largest retail footwear brand launches its First Flagship Airport store in the domestic departure terminal at Netaji Subhas Chandra Bose International Airport, Kolkata to mark its foray into travel retail.

The store is part of the company’s strategic growth plan of retail expansion as the brand has witnessed substantial demand for its products across the markets in India.

ALSO READ Khadim India aims to be the 2nd largest retail footwear brand in India

Over the years the airport retailing market has evolved significantly due to the increase in passenger traffic. People are also spending more time before boarding their flight due to early check-in times at the airport.

The brand store will capitalise on the opportunity of a high volume of assured customer base travelling round the clock.

The company’s focus efforts will be to provide travellers with an enhanced footwear shopping experience.

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Fashion 2022-07-13

Sutraa: New Delhi fashion fair in July

09 July 2022, Mumbai:

Sutraa, B2C shopping fair, Delhi to converge Indian fashion & lifestyle brands for its forthcoming edition happening on July 13-14 @ the Ashok Hotel.

RELATED NEWS . Sutraa plans four events across India

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Business-to-customer shopping fair Sutraa will showcase a range of clothing, accessories, jewelry, and lifestyle brands at its upcoming editions in Delhi this July.

A shopping fair specializing in Indian fashion, Sutraa will hold a summer-themed edition in this event.

Brands participating in this event will include women’s fusion wear brand The Creative Hub, apparel brand Shree Ganesh Boutique, fusion wear brand Am Clothing, a footwear brand, etc.

CREDITS: Fashion Network

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Fashion 2022-07-09

Snapdeal: Fashion category clocks decent growth, FY 2022

16 July 2022, Mumbai:

Unlike traditional e-commerce platforms, Snapdeal plans to focus only on the value shoppers. Snapdeal witnessed strong growth in the fashion and home categories during the financial year 2022.

The e-commerce platform has customized its assortment, pricing, and shopping journey to the needs of such shoppers.

RELATED NEWS . Snapdeal: Anup Vikal, CFO resigns

ALSO READ Snapdeal: Sees Jump in Kids Segment

Snapdeal is India's value-focused online platform, which draws the bulk of its business from non-metro locations. With more than 72 percent of the orders flowing from buyers living in smaller cities and towns.

Sarvartha Kanchan, Vice President - Supply Chain Management and Customer Experience, Snapdeal said, “We endeavour to provide a delightful experience to our users at all touchpoints.

CREDITS: Fashion Network

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Fashion 2022-07-16

Snapdeal: Fashion category clocks decent growth, FY 2022

Shree Balaji Group: Team up with fashion brands

12 July 2022, Mumbai:

Shree Balaji Group ties up with fashion brands for the new mall Agora City Centre in Vadodara, Gujarat and it is in advanced talks with numerous fashion brands for its retail segment retail space within the Agora City Centre development will feature a wide array of fashion, lifestyle, and cosmetics brands among others.

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Shree Balaji Group is very seriously pursuing rope in & already in quite advanced talks with a bevy of marquee fashion brands such as Levi’s, Veromoda, Metro Brand Shoes, and many more among others to lease its space in this mall.

The milestone of the project is that it is reportedly one of the biggest scale mixed-use land developments in Gujarat.

CREDITS: Fashion Network

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Fashion 2022-07-12

Shree Balaji Group: Team up with fashion brands

Melissa expands with new store in Mumbai

08 July 2022, Mumbai:

Footwear brand Melissa has expanded its retail presence by opening a new flagship store in Mumbai's Palladium Mall to house the brand’s ‘Real Jelly’ plastic shoe collection and a number of other collections.

RELATED NEWS . Melissa expands with new store in Mumbai

ALSO READ Melissa: Store in Mumbai's Palladium Mall opened

Designed by PipaArquitetura e Design, based in Rio de Janeiro, the store reflects the brand’s values of sustainability, fashion, art, and design.

The bright retail outlet has a peach interior complimented by gold fixtures. The walls are lined with shelves to display Melissa’s vibrant plastic footwear and a number of handbags.

The store also retails the brand’s children’s footwear line. Along with some youth-specific styles, the brand’s children’s offering includes mini versions of its women’s styles such as strappy sandals and slip-ons.

The new store also includes a number of digital features. Footwear from the Real Jelly collection has a QR code embedded in the insoles of each pair and this redirects the wearer to a custom Instagram filter.

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Fashion 2022-07-08