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Reliance Retail partners Gap for India retail

12 July 2022, Mumbai:

Reliance Retail has brought the American fashion brand Gap to India. Reliance Retail’s formidable presence is expected to aid Gap in quickly scaling up its product distribution network in the country.

However, the American specialty apparel company needs to strike a balance between brand image and pricing strategy to make a compelling proposition for the price-sensitive Indian consumers.

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Gap can leverage Reliance’s manufacturing capabilities to produce goods for the Indian market instead of importing them, thereby lowering prices and reducing potential disruptions due to supply chain issues. This should enable Gap to attract the value-driven Indian consumers.

Gap opened its first store in India in May 2015. But gained little traction, with the country contributing less than five per cent to overall value sales in Asia. By late 2020, Gap terminated its franchise agreement with Arvind Fashions and permanently closed all stores in India. Reliance Retail now plans to introduce Gap’s apparel offerings in India through a multichannel strategy, comprising exclusive brand stores, multi-brand stores, and online sales.

The Indian apparel market is forecast to grow at a 6.8 per cent compound annual growth rate due to the rising middle class, growing urbanization, and youth affinity for western clothing and accessories.

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Reliance Retail partners Gap for India retail

Monte Carlo Q1 FY 2022-23 revenue reported

12 July 2022, Mumbai:

Monte Carlo’s revenue grew 130 percent in the April-June quarter this fiscal, helped by volume growth and price increase. During the quarter, the company saw strong demand across segments.

Growth in sales was contributed by both volume growth and calibrated price increase on the back of a steep rise in cotton prices.

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The quarterly sales not only surpassed pre-COVID levels but were the best ever for the company on the back of strong brand equity among consumers, the latest fashion products and superior quality aided by the solid end-of-season sales, and an encouraging festive and wedding season across India.

Monte Carlo which operates in segments such as woolens, cotton, cotton blended, knitted, and woven apparel, has also strengthened its retail presence in India with the opening of 11 new exclusive outlets. With this, the total number of EBOs has reached approximately 324 across 20 states and four union territories.

The company is well on track to complete the target of opening 30 exclusive outlets this financial year. The company continues to witness encouraging trends through its online channels as well. For the financial year ended March 31, 2022, Monte Carlo’s consolidated income was Rs 929.80.89 crore.

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Monte Carlo Q1 FY 2022-23 revenue reported

Kabir Lumba is the new Landmark Retail CEO

12 July 2022, Mumbai:

The UAE-based retail giant Landmark Group has appointed Kabir Lumba as the new CEO of Landmark Retail. He has taken over from Renuka Jagtiani and will spearhead the group’s retail business growth in key markets in the Middle East and South-East Asia.

Renuka Jagtiani will remain closely involved in the business in her capacity as chairwoman for the group and will focus on developing the overall vision, and strategy, and strengthening governance.

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Having been a part of Landmark Group for 18 years, Kabir Lumba has a great understanding of the group and business and displays remarkable leadership and people skills. He was heading its business operations in India. In 2018, he moved to Dubai and held several senior roles, including group director for the retail conglomerate in the Middle East and CEO of the group’s largest fashion business, Max Fashion, which is now one of the leading value-fashion brands in the region.

Under his leadership, Max recorded sustained growth milestones, including increased online sales, entry into the South-East Asian market, and reigniting the business in Egypt.

He will unlock the next phase of growth for the division, both across brands and geographies. He is committed to driving value creation by building on the group’s established legacy in the region and strengthening the bonds between its brands and millions of customers, through innovation across the business.

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Lifestyle

Adaah to feature bridal wear

12 July 2022, Mumbai:

Business-to-customer fashion fair Adaah will showcase clothing and accessories brands from across India at The Lalit in New Delhi from July 15 to 16, 2022, for a Rakhi and Teej-themed event.

The upcoming edition will feature a wide selection of women’s traditional, ethnic, and western wear along with accessories, jewelry, home décor, and gift items among others. The exhibition will also feature a wide selection of bridal wear for the late summer and autumn wedding season.

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Brands to feature in the event include jutti brand Ruby Wooh, traditional jewelry brand Jewels by Momma Buttan, accessories brand Whimsical Trinket, womenswear brand Karigari studio, sustainable fashion brand Aurobi, and sustainable accessories brand.

The Earthen Trinket, and home textile brand Vibgyor Lifestyle, among others. Women’s handicraft enterprise Sadhna will retail a selection of womenswear and textile goods that are handmade by women artisans in Udaipur.

The event describes itself as Delhi/ NCR’s biggest fashion and lifestyle exhibition on its Facebook page. The fair is organised by media business Creative Roots which has held Adaah shopping fairs across India.

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Adaah to feature bridal wear

Ethnic wear brand Kiaasa widens range to add Indo-western wear, kids wear

12 July 2022, Mumbai:

Kiaasa is a homegrown Indian ethnic brand offering women's ethnic wear. The brand has been acing the market and recently announced the move to launch two new clothing lines.

The first caters to women's fusion wear, and the second is a children’s apparel and shoe line. With this move, the brand is set to take things to a new level and emerge as a game-changer in the industry.

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Kiaasa is a mid-segment brand that delivers affordable yet stylish women's ethnic wear like kurtas, suit sets, lehengas, bottom wear, dupattas, and more. Now, it is all set to make a name for itself in the Indo-western clothing sector as well. The new clothing line will be blending styles from ethnic palettes with contemporary ones.

The line for children will have numerous cool graphic T-shirts for both girls and boys in addition to having clothing pieces like jeans, trousers, tops, skirts, frocks, shorts, and many more. Kiaasa has made sure to use top-quality material that feels smooth on the skin so that the child's skin does not get any rashes. All of the products are passed through a set of quality standards.

The brand has 107 stores that are spread all over the country.

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Ethnic wear brand Kiaasa widens range to add Indo-western wear, kids wear

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