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Giordano expands with New Delhi store

15 June 2023, Mumbai

Hong Kong's Giordano has announced the opening of its latest store at Rajouri Garden in New Delhi, according to a social media post by Bikash Sharma, the business head for retail leasing and franchising.

Known for its sub-brands like Giordano Junior and G-motion

Established in 1981, Giordano boasts a wide range of sub-brands such as Giordano Ladies, Lowe Alpine, and Giordano Timewear.

Extends its reach with a new store

With 2,400 stores across 30 countries, the brand is rapidly expanding its presence in India. Not long ago, Giordano also launched an outlet in Ghaziabad. In India, Giordano partners with Brandzstorm, a private company engaged in the manufacturing and distribution of premium watch brands, handbags, sunglasses, and more.

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mSecret: Redefining Relaxation

15 June 2023, Mumbai

mSecret, the latest addition from Jain Amar House of Fashion, offers premium loungewear and sleepwear designed for the modern, fashion-conscious woman. With a focus on comfort and style, mSecret revolutionizes relaxation both at home and beyond, quickly becoming the go-to brand for fashionable and tranquil loungewear.

Unveiling the Summer'23 Collection

Embarking on a journey where premium loungewear meets contemporary fashion, mSecret presents its remarkable Summer'23 collection. Featuring Print Paradise, Pajama Party Edit, and Trendy Tourist, this collection captivates with its unique offerings.

Crafted with exceptional craftsmanship and high-quality materials, mSecret's loungewear embraces the latest fashion trends while ensuring durability, empowering women with style and confidence.

Elevate Your Style and Comfort

mSecret impressively caters to diverse preferences and style sensibilities. From cozy joggers to elegant pants and chic sweat suits, it seamlessly combines fashion-forward designs with unmatched comfort. For restful nights, mSecret offers meticulously crafted night suits.

Embrace Fashionable Tranquility

With vibrant offerings like Print Paradise, chic designs in the Pajama Party Edit, and trendy options in the Trendy Tourist collection, mSecret's Summer '23 collection showcases the brand's artistry.

Unmatched Comfort, Everywhere You Go

Discover the transformative allure of mSecret, available at 300+ retail touchpoints and leading fashion portals. Embrace the mSecret philosophy, a cherishing style both at home and outdoors. Step into the enchanting world of mSecret, unlocking the secret to a sophisticated and relaxed lifestyle that leaves a lasting impression wherever you venture.

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mSecret

Mohan Murjani, Neometa launch Gloria Vanderbilt in India

10 June 2023, Mumbai

Focusing on Women's Denim; Mohan Murjani partners with Neometa to introduce Gloria Vanderbilt in India, focusing on women's denim.

Opening Doors in Bengaluru

The first store will open in Bengaluru in October, with plans for 12 exclusive outlets in the next two years. The brand will also be available through shop-in-shops and aims to have 400 points of sale in the future.

Murjani, renowned for his success with Tommy Hilfiger, is excited to collaborate with Neometa, impressed by their capabilities and commitment to the brand. He believes the partnership will offer the best-fitting women's jeans and a range of desirable products. Captivating Collections for the Modern Indian Woman

Anupam Singh, the founder of Neometa, is enthusiastic about leveraging their expertise to curate collections that resonate with the modern Indian woman while honoring Gloria Vanderbilt's essence. 

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Dollar Industries Targets E-commerce Growth

Dollar Industries Ltd. is focusing on increasing its share of e-commerce sales while expanding its brick-and-mortar retail presence.

E-commerce currently represents only 2-3% of the company's turnover, with a target of reaching 5%.

Plans to increase retail reach  

The company aims to expand its retail reach from 1.25 lakh to 4 lakh stores within the next two to three years.

Material shortage for athleisure line due to high demand  

The athleisure segment is making a significant contribution to revenue, expected to grow by 35-40% and reach a 30% share.

However, the company is facing a material shortage for its athleisure line due to high demand.

Unstable revenue growth

Volatile revenue growth in recent years is attributed to high cotton costs, but steady demand is expected as the company's products are essential. Falling cotton prices and government support will help stabilize margins and achieve the target operating margin of 12%-13%.

Dollar Industries Targets E-commerce Growth

A Surge in Brand Entry Signals India's Growing Retail Potential

14 June 2023, Mumbai

India is experiencing a record-breaking influx of 24 global brands this year, propelled by the post-Covid surge in consumption.

The number of brand entries in recent years pales in comparison, with only one in 2020, three in 2021, and 11 in 2022, far below the pre-pandemic average.

Global brands set up shops in India

Discussions are underway for prominent names like Roberto Cavalli, Dunhill, and Foot Locker to establish their presence in India. Additionally, Lavazza, Armani Caffe, Jamba, and The Coffee Club are set to make their Indian debut. Noteworthy brands including Valentino, McLaren, Balenciaga, Pottery Barn, Pret A Manger, Tim Hortons, and Popeyes have already ventured into the Indian market.

Prognosis

CBRE forecasts retail leasing to reach 5.5-6 million square feet in 2023, the second-highest figure since the peak in 2019. Fashion stores are leveraging partnerships with Reliance and Aditya Birla for strategic expansion. Aditya Birla Fashion and Retail has joined forces with Galeries Lafayette, while Reliance plans to reintroduce Shein.

Rising consumption propensity

India's rising spending power and its position as a prominent retail destination are attracting international brands. Experts predict a promising future for consumer technology and retail, with Ace Turtle recently teaming up with Dockers for their Indian market entry.  

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Magicpin Thrives, Attracts Brands, Boosts Revenue

 02 June  2023, Mumbai

Magicpin, an offline fashion discovery and savings platform, has made significant strides in the past year by adding over 150 fashion brands and 10,000 fashion stores to its platform.

The company has set ambitious goals to add another 10,000 stores by the end of the year.

Notable brands such as Puma, Levi’s, and United Colors of Benetton have joined Magicpin in the past 12 months, contributing to the platform's growth.

Catalogue size expanded

With an increased catalogue size of 5 million SKUs, Magicpin leverages geo-tagging to analyze local trends and provide targeted recommendations to customers, thereby boosting fashion store revenue. The fashion category currently accounts for 25% of Magicpin's total business, with steady 10% month-on-month growth and a doubling of scale over the past year.

Promisingly growing

The Indian fashion market shows promising potential, with an estimated size of $97.8 billion in 2020, projected to reach $180 billion by 2030 at an annual growth rate of 8.5%.

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Magicpin Thrives, Attracts Brands, Boosts Revenue

Tasva expands with new Ahmedabad store

13 June 2023, Mumbai

Menswear brand Tasva has announced the grand opening of its latest store in Ahmedabad, Gujarat.

Boasting Impressive Facade

The new store, located on CG Road, spans an expansive area of 5,300 sq. ft. This marks Tasva's second store in the city, with the first store situated at Binori, B Square near Trade Bull Sindhu Bhavan Road.

Brand Tasva Unveils new store

Dhruv Kaura, Chief Operating Officer of Tasva, Aditya Birla Fashion Retail Ltd., shared the exciting news on LinkedIn, highlighting the store's massive three-sided facade, spanning over 100 ft in width and occupying multiple floors.

Tasva is a collaboration between renowned Indian designer brand Tarun Tahiliani and Aditya Birla Fashion & Retail Ltd. Launched in December 2021, the brand's first retail store opened in Malleshwaram, Bengaluru.

Dominance in Fashion Industry

Owned by the esteemed Aditya Birla Group, Aditya Birla Fashion Retail Ltd. (ABFRL) is a leading fashion retail company that boasts an impressive portfolio of brands including Louis Philippe, Van Heusen, Allen Solly, Peter England, and Pantaloons.

Fuels Tasva's Success

Tasva's recent expansion also includes a new store in Madhya Pradesh, located on Gorakhpur Main Road in Jabalpur. Spanning 3,500 sq. ft., this stand-alone store further solidifies Tasva's presence as it continues to captivate the fashion-conscious market.

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Madame's Robust Growth and Expansion Plans

Madame, a prominent women's fashion brand, celebrates its robust annual growth for the fiscal year 2022-23 and unveils its strategic vision for expansion. With a remarkable turnover of Rs. 370 crores, the company solidifies its position as a key player in the competitive fashion industry.

 

Madame Unveils Strategic Vision for Expansion and Future Success 

 

Looking ahead, Madame aims to achieve even greater milestones. Anticipating a turnover of Rs. 470 crores in 2023-24, the company reflects its strong business strategies and commitment to delivering exceptional fashion experiences. To fuel future growth, Madame plans to expand its retail presence in the South and West regions of India. Adding approximately 12 stores across eight important cities, the brand will reach a total of 200 exclusive stand-alone stores.

 

Madame's Clear Vision, Embracing e-commerce

 

Madame sets a benchmark for innovation and expects it to contribute 10% to the turnover by 2024. With its intuitive interface and focus on affordability, the brand establishes itself as an industry trendsetter. With a proven track record and clear vision, Madame is poised to capitalize on market trends and set new standards of innovation and success in the fashion industry.  

Madame's Robust Growth and Expansion Plans

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