7th October 2021, Mumbai|

The newly formed Confederation of Indian E-Commerce (CIE) will provide a neutral voice to the industry by bringing the government, industry, policymakers and consumers on one platform. A trust and not-for-profit organization, CIE will be based out of New Delhi. The organization will provide a dedicated platform for the retail and e-commerce companies to take up economic or policy issues with the government and other relevant agencies, support to MSMEs and traditional retail, promotion of exports and access to export markets, and easing regulatory compliances for export and returns by encouraging exports.

The initiative has been built by a team of industry veterans including Amitabh Singhal, Former CEO and Founder, National Internet Exchange of India and Past President, Internet Service Providers Association of India and Ajay Sharma, who has around two decades of experience at India's apex business associations.

The organization will also build a state-level agenda by working with the state governments to support the needs of e-commerce companies and MSMEs locally. It will work closely with the state governments for integrating the MSMEs in the states with digital retail by facilitating them with the domestic and international market

The Confederation also aims to assist and build the ecosystem for the agriculture sector and promote technologies to empower the farming community. The organization will also undertake evidence-based, scientific policy research and advocacy, including consumer research, capacity building, thought leadership, new membership drive, and representing members' concerns and issues to the government, among others.

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4th October 2021, Mumbai:

Suditi Industries has announced plans to set up a garment unit at Vapi in Gujarat. As per an Equity Bulls report, the company also plans to shift its registered office from Mumbai to Navi Mumbai.

Established as a processing plant in 1991, Suditi has now burgeoned into a comprehensive ecosystem covering knitting, dyeing, printing, finishing, and garments. The company focuses on products of consistent and standardized quality certified according to ISO 9001: 2000, GOTS, and OEKO TEX S-100 standards.

It operates several brands including YouWeCan, Nush, IndianInk, and licensed sports brands NBA, FC Barcelona, and Manchester City F.C. These are available in 72 cities in 300+ points of sales pan India.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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01 October 2021, Mumbai:

Global sports brand Puma has launched a new athleisure range in partnership with Indian Premier League club Royal Challengers Bangalore (RCB).

As per Fashion Network, the collection comprises apparel for men and women, including t-shirts, hoodies, and track pants. Puma has witnessed record-breaking jersey sales for RCB over the years and expects similar success with its newly launched athleisure range.

AbhishekGanguly, Managing Director, Puma India says, the collection leverages Puma’s design expertise and RCB’s fashionable DNA.

Rajesh Menon, Vice President and Head, Royal Challengers Bangalore adds, the collection makes RCB the only cricket team to move beyond traditional retail merchandise into the world of GenZ, millennial fashion wear.”

Puma India is betting big on its association with cricket and cricketers as it sees huge growth potential. The brand had recently collaborated with e-commerce major Flipkart to launch an athleisure brand ‘1der’ in collaboration with Indian cricketer K L Rahul.

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06 October 2021, Mumbai:

Activist-entrepreneur Kunal Avanti has partnered with actor investor Sunny Leone to launch a new organic athleisure label ‘I Am Animal’.

As per Fashion Network, the label has launched its first collection in collaboration with students from the internationally renowned design school Istituto Marangoni titled ‘Collection Zero’ that consists of t-shirts, hoodies, tanks, and joggers.”

I Am Animal claims that it uses 100 percent Global Organic Textile Standard (GOTS) certified organic fabrics for its clothing line and plans to support around 16,000 farmers through its certified fair-trade production tie-ups.

Collection Zero by I Is Animal is priced between Rs 975 ($13) to 2499 and is currently available on their website. It will soon be launched on other leading e-commerce websites like Myntra and others next month.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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2nd October 2021, Mumbai:

Flipkart plans to onboard 10,000 branded retail stores on its marketplace by the end of the year. It aims to have a total of 4.2 lakh sellers on its platform by December 2021.

Ahead of the upcoming festive season sale, e-commerce major Flipkart has onboarded over 5,000 offline branded retail stores from more than 300 cities in India. With the addition of the retail stores, Flipkart expects strong sales across sectors during its Big Billion Days sale event and expects to move to benefit sellers amid the COVID disruptions.

Flipkart also plans to host its sale event from October 3 which will see participation by over 1 lakh kiranas, and more than 3,75,000 sellers from across India. Headquartered in Bengaluru, and incorporated in Singapore as a private limited company, Flipkart initially focused on online book sales before expanding into other product categories such as consumer electronics, fashion, home essentials, groceries, and lifestyle products.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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01 October 2021, Mumbai:

Bengaluru-based Fidelity Management & Research Company and B Capital Group led a $ 570 million (about Rs. 4,235.2 crores) financing round for India's largest social commerce platform Meesho. In less than five months, the company's valuation has more than doubled to the US $ 4.9 billion.

This round included existing investors Prosus Ventures, SoftBank Vision Fund 2, and Facebook. Footpath Ventures, Trifecta Capital, Good Capital, and others are among the new investors. Meesho stated in a statement that in the five months since the last round of investment, it has seen 2.5 times rise in order volume and added a variety of new product categories to its roster, including sports and fitness, pet supplies, and car accessories.

The firm plans to expand into India's neglected markets, aiming to become the preferred e-commerce destination for the country's next billion consumers.

According to a statement released by the company, "Meesho expects to use the fresh round of funding to grow its technology and product talent by 2.5 times, increase its roster to over 50 million products, and become the platform of choice for customers, entrepreneurs, and sellers from all corners of India by December 2022."

Farmiso (Meesho Grocery), the company's community group buying operation that operates in more than 200 communities, is also aiming to expand its grocery and FMCG products.

“The next wave of growth in India's digital consumption will certainly come from Bharat,” Meesho founder and CEO Vidit Aatrey stated. We've always aimed to help entrepreneurs in Tier-2+ markets develop their businesses and, as a result, strengthen tiny economic pockets across the country.”

While concentrating on development and growing its online grocery business, Farmiso, the firm will continue to invest in people to produce best-in-class tech and product solutions.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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06 October 2021, Mumbai:

The Futures Expectations Index (FEI) of latest Consumer Confidence Survey turned positive this month as consumers once again stepped out to shop at malls and other stores. This encouraged retail developers to announce new mall projects.

As per Pankaj Renjhen, COO & Jt Managing Director, Anarock Retail, developers have announced around 4.5 million sq ft of new mall projects in 2021.

Most of new malls are likely to come up in Tier I and II cities across India. Tier I cities will house around 85 per cent of upcoming malls and account for 90 per cent of total mall space, adds Renjhen.

Noida to lead retail growth

The Anarock report states, Noida in NCR will have 1.1 million sq ft of new mall space in 2021, spread across three malls. The second biggest mall development will be witnessed in Bengaluru with 1.22 million sq ft space spread across two malls. Growth will be stirred by rising consumption patterns in the city and a boom in IT-ITES companies.

India’s financial and commercial capital, Mumbai will add around 1.1 million sq ft of new mall space next year, spread across three malls. Developers in the city are being cautious while announcing new projects as COVID has badly rampaged the lives and livelihoods of citizens.

Among the Tier II cities, Lucknow and Amravati will collectively add 4.7 lakh sq. ft. mall space in 2021. This will be spread across two malls.

Accelerated growth for organized retail

The organized retail sector in India is witnessing accelerated at 20-25 per cent CAGR per year. The sector is also witnessing a surge in new retail development, with many new projects being launched. For instance, in June 2021, Pheonix Mills announced a project to develop retail-led mixed-use assets in partnership with GIC.

The project will be developed with an investment of $733 million. Similarly, in March 2021, Blackstone acquired the retail and commercial assets of Prestige Group for $1.5 billion while Reliance Retail sold 10.09 per cent stake to investors such as Silver Lake Partners, KKR, ADIA during the pandemic. The sale enabled the company to raise Rs 47,265 crore in equity.

Mall development to double in 2021

Across India mall development is likely to double in 2021 compared to previous year, affirms Renjhen.

Growth will mainly be stirred by receding effects of the pandemic and rapid rate of India’s economic growth in FY22. Overall, Indian retail sector is likely to see good days ahead after being badly ravaged by COVID-19 pandemic last year.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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2nd October 2021, Mumbai:

The Indian online retail market is expected to become the third largest market in the world, eclipsing more mature markets such as the UK and South Korea over the next decade, says management consulting firm RedSeer Consulting.

The market is expected to reach $350 billion by 2030 from $45-50 billion now. The shopper base is expected to increase from 150 million shoppers in CY20 to 600 million shoppers in 2021, adds Abhishek Gupta, Engagement Manager, RedSeer Consulting. Tier-II cities are expected to drive the rapid growth of the engine of ecommerce over the next decade, he adds further

Gupta says, the next wave of growth would see more affordable smartphones reaching a wider set of unpenetrated audience. Research from Counterpoint’s Market Monitor Service shows, smartphone shipments from the country grew by 82 per cent YoY to reach over 33 million units in Q2 2021.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

30th September 2021, Mumbai:

E-commerce platform Myntra expects traffic at its upcoming Big Fashion Festival to increase 1.8X over the previous edition with around 5.5 million customers shopping during the festival. As per a Business Insider report, of the total traffic Myntra expects around 1.1 million first-time customers to shop on its platform during the festive period.

It expects 40 percent of the contribution to come from Tier II-III markets. There is a visible shift towards online fashion. Consumers in Tier II and III cities are also gaining experience and are comfortable with online shopping, says Amar Nagaram, CEO, Myntra.

Rising demand from smaller cities is leading to the platform pivoting its marketing and spending more on regional. It is not only on-boarding regional stars to reach these new consumers but also launching more regional content, regional selection as well as customer support.

Nagaram expects the platform to witness 15,000 orders per minute during the peak of the season and is ramping up its tech capabilities. Myntra has increased the number of brands on the platform by 40 percent over the previous edition and has also scaled up Kirana network by 30 percent, taking the store count to 25,000.

Over 70 percent of festive deliveries across the country are expected to be undertaken by Kirana network partners.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

06 October 2021, Mumbai:

According to B. Vanlalvawna, the Indian Ambassador to Azerbaijan, there is a large demand for sustainable garments in Azerbaijan, and Indian apparel exporters need to expand their presence to capture this market.

Because certain Indian items are imported through third nations, India's portion of Azerbaijan's overall clothing imports from throughout the globe isn't a fair representation of the two countries' potential.

He was speaking during a Clothing Export Promotion Council (AEPC)-hosted online B2B meeting between Azerbaijani buyers and Indian apparel exporters, which was co-hosted by the Indian embassy in Baku.

He also provided information on the former Soviet republic's clothing market.

He stated that cotton clothing and sustainable apparel goods are in high demand in the country.

“Some Indian competitors from Bangladesh, China, Turkey, and Italy are more active in the market and have a greater physical presence here. In terms of your contact with potential buyers, it is critical for Indian players to maintain their presence,” he added.

Once the epidemic is over, the Ambassador has asked AEPC Chairman A. Sakthivel leads a team of Indian garment exporters to Baku.

He also proposed that similar events be held in the future to help bridge the gap between the clothing players in the two nations.

A. Sakthivel spoke to the audience about the Production Linked Incentive (PLI) plan, which aims to encourage man-made fiber (MMF) clothing, and how India has surpassed China as the world's second-largest producer of medical textiles.

The Council gave a presentation on its virtual platform, where foreign buyers may meet with Indian clothing exporters to negotiate business. It also provided information on the Indian clothing sector and the benefits of working with Indian exporters.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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2nd October 2021, Mumbai:

Ethnic wear and lifestyle brand Fabindia has launched its first collection titled Punh.

As per a Fashion Network news, the collection reuses and upcycles fabric scraps into a range of men’s, womenswear, and accessories for the festive season. The collection has been launched on FabIndia’s dedicated e-commerce store and features a selection of sarees, kurtas, and dresses for women and shirts and trousers for men. It also includes accessories including face masks and handbags, all made with patchwork scraps of complimentary textiles. The collection is a part of FabIndia’s move towards a more sustainable production process.

The collection taps into the rising trend of sustainable fashion that gained more momentum during the two lockdowns of 2020 and 2021 along with the increased focus on buying domestically made fashion.

The brand also recently launched its ‘Dhurrie Exhibition’ at select stores. The curated selection of traditional woven floor coverings celebrates the traditional handicraft and its signature designs as FabIndia continues to expand its homeware collections.

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30th September 2021, Mumbai:

Vintage business by entrepreneur and stylist Divya Saini, Bodemens launched its first upcycled collection ‘Nilam’ at luxury department store Galeries Lafayette in Paris, France. As per Fashion Network, a 22-piece collection, Nilam features dresses, blazers, kimonos, and suits upcycled from Indian saris.

The collection was launched in association with the vintage platform CrushOn. It is designed to celebrate Indian textile heritage with a mix of contemporary and vintage-inspired silhouettes.

Each piece is unique and customers can choose any design from the collection to have made in a different print sari. Bodements also make scrunchies from fabric scraps to reduce waste. Besides, the business has also partnered with NGO Green Yatra to plant two trees for each Bodements garment purchased,

Entrepreneur and stylist Divya Saini launched Bodements in 2015. The business retails vintage clothing sourced from around the world on its dedicated e-commerce store and calls itself “India’s largest vintage store,” according to its website.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage