Fashion brand Wrogn plans to explore advanced data analytics to gain deeper insights into customer preferences and market trends for making more informed decisions.
The brand also plans to enhance the use of artificial intelligence to deliver highly personalised shopping experiences, says Nishant Poddar, CMO and Head-Retail Experience, Wrogn. The brand believes, AI will allow it to project trends and recommend products that align with individual customer preferences. Additionally, AI will help it minimise overproduction and improve endless aisle capabilities.
Another of the brand’s key focus includes expanding its omnichannel capabilities, adds Poddar. The brand aims to a seamless shopping experience for its customers; whether they are shopping online, using a mobile device, or visiting a physical store. To further reduce returns, the brand adopts virtual fitting solutions, providing customers with a more accurate and satisfying shopping experience.
Lastly, Wrogn plans to implement customer journey analytics to track the end-to-end customer journey across all retail touchpoints. These tools will offer the brand valuable insights to improve and enhance the customer experience.
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Hyderabad-based footwear brand Neeman’s plans to double its revenue to over Rs 200 crore in FY2024-25. In FY2023-24, it achieved revenues worth over Rs100 crore, points out Taran Chhabra, Founder.
Driven by strategic internal restructuring and comprehensive growth plans, Neeman’s is experiencing a steady month-over-month growth rate of 15-20 per cent. The brand currently has over 11 stores in cities like Hyderabad, Mumbai and Bengaluru. It plans to open over 20 new stores across all major metro cities besides eyeing a significant omnichannel presence, adds Chhabra.
Neeman’s products are also available on Amazon UAE and 6th Street UAE, an omnichannel e-commerce fashion destination from Apparel Group. The brand currently focuses on the footwear sector and aims to expand its market share in it. In 2023, the company’s best-performing products included Sneakers, Slip Ons and Loafers.
Through its D2C website and offline stores, Neeman’s sells products like sneakers, slip-ons, loafers, athleisure products, flip flops, sandals, flats and slides ranging between Rs 300 to Rs 2,500.
According to the company’s, it has raised a Series B funding of $ 5.2 million and also uses technology in the areas of customer experience, post-purchase and returns and works with New Delhi-based e-commerce enabler GoKwik for the same. The technology helped reduce the return to origin (RTO) rates and enhance the overall conversion rate of our checkout funnel, contributing to a smoother and more efficient customer experience, adds Chhabra.
The net profit of Dollar Industries’ during Q4, FY24 ended Mar 31, 2024 increased to Rs 33 crore ($4 million) from Rs 55 lakh recorded in the same quarter last year.
The company’s revenue for the quarter rose by 23 per cent to Rs 503 crore from Rs 407 crore in the corresponding quarter of the previous fiscal year.
For the full financial year 2023-24, Dollar Industries recorded a 71 per cent Y-o-Y rise in net profit to Rs 90 crore, with revenue reaching Rs 1,576 crore.
Expressing satisfaction with the results, Vinod Kumar Gupta, Managing Director, Dollar Industries Ltd, states, the company remains steadfast in its commitment towards the continued growth and success of Project Lakshya. It has added 61 distributors under this project in FY24. The contribution of Project Lakshya distributors increased to 26.3 per cent in FY24 from 18.6 per cent in FY23.
Dollar Industries is experiencing robust demand and an increasing proportion of higher-margin products in its portfolio. This positive trend positions it to achieve the desired topline and bottom-line growth in the near future.
A leading player in the innerwear and athleisure segment, Kolkata-based Dollar Industries has a strong presence across the country.
Leading menswear brand Mufti has launched a new sub-brand named ‘400050’, pronounced ‘Four Triple Oh Five Oh’. Catering to Gen Z shoppers, this brand offers casual, oversized garments in select Mufti EBOs and all leading MBOs across the country. This fresh label, catering to Gen Z shoppers with a focus on casual, oversized garments, is now available in select Mufti exclusive brand outlets and multi-brand stores.
Coinciding with the 26th Founder’s Day celebration of Mufti, the launch of 400050 underscores the brand's commitment to innovation. Priced between Rs 1,800 and Rs 3,500, the brand’s maiden collection is named after the pincode for Bandra, a vibrant neighbourhood in Mumbai.
Capturing the essence of the Mumbai suburb Bandra, the 400050 collection includes oversized graphic T-shirts featuring its numerical brand name as button-down shirts in jacquards and dobbies. The collection showcases a neutral color palette and an urban aesthetic, says Kamal Khushlani, Promoter, Chairman, and Managing Director, Credo Brand.
Since its launch in 1998, Mufti has been offering Mumbai-inspired unique casual wear clothing solutions for the modern Indian men.
A women's fashion handbag brand, Caprese has announced actor Kiara Advani as its new brand ambassador.
The partnership commenced with the launch of 'The Kiara Collection,' featuring a range of totes, satchels, laptop bags, slings, and fashion backpacks.
According to a spokesperson for Caprese, the Kiara Collection is a dazzling blend of Bollywood glamor and timeless elegance, redefining contemporary fashion. The collection not only embraces sophistication but also empowers women, transforming everyday moments into a stylish adventure. Advani’s association with Caprese will further solidify the its position at the forefront of the fashion brand league.
Priced between Rs 2,199 ($25) to Rs 3,999, The Kiara Collection will be available on Caprese’s website and e-commerce platforms like Myntra and Nykaa.
Blending European-inspired fashion with timeless comfort, Bata India has unveiled its newest 9 to 9 collection with the industry-first ‘Try and Fly’ campaign in partnership with Ease My Trip.com.
The Try & Fly campaign transforms the act of trying on shoes into a rewarding adventure. With every try-on, participants win assured prizes, while weekly lucky winners snag all-expense-paid trips to Goa. Moreover, bumper prize winners win an opportunity to jet off to premier international holiday destinations.
The '9 to 9' collection boasts a diverse range of fashionable footwear suitable for all occasions, ensuring style from dawn till dusk during holiday travels. From semi-casual shoes for leisurely strolls to chic heels for fancy dinners, from casual sandals for beach getaways to trendy sneakers for adventurous outings, the collection mirrors global trends. By seamlessly blending fashion and comfort, it offers travelers an effortlessly stylish experience.
The 'Try & Fly' campaign is now live across Bata stores pan India until June 20, 2024. Customers can simply walk in, try on the 9 to 9 collection, and scan the QR code to enter the contest.
Italian apparel and accessories brand, Armani Exchange (A|X) has unveiled its new store at Phoenix Mall of Asia in Bengaluru. Targeting fashion-forward individuals from late teens to mid-thirties, A|X offers a diverse range of fast-fashion streetwear and accessories for both men and women.
Founded in 1991, Armani Exchange is a mass-market sub-brand of Giorgio Armani, catering to the style-conscious. Initially, A|X absorbed elements from the Armani Jeans and Armani Collezioni lines. Today, its products are available in over 31 countries and online.
A|X debuted in India with its first store at Select Citywalk Mall in New Delhi in October 2016, through a partnership with Reliance Brands (RBL), a subsidiary of Mukesh Ambani's Reliance Industries. Since then, A|X has expanded to over 26 stores across India, in cities including Hyderabad, Kolkata, Bengaluru, New Delhi, Indore, Ahmedabad, Dehradun, Pune, Mumbai, Chennai, and Kochi.
RBL has been instrumental in introducing numerous international brands to the Indian market, such as Bottega Veneta, Tiffany & Co., Valentino, Versace, Kurt Geiger, Diesel, Hugo Boss, Burberry, Coach, Giorgio Armani, Balenciaga, Boss, and Zegna.
Additionally, since 2020, Reliance has been negotiating with the Milan-based luxury company to bring the Michelin-starred Armani/Caffè to India. The high-end café is set to make its Indian debut at Reliance's Jio World Plaza. According to IndiaRetailing, the mall has allocated about 1,000 sq ft for the café, with an opening expected in the near future.
Footwear retail chain Metro Brands has reported 126.3 per cent increase in its consolidated net profit to Rs 155.57 crore in the fourth quarter ended March 31, 2024. It had reported a consolidated PAT of Rs 68.74 crore in a similar period, a year ago.
The company's total income increased by 7.8 per cent to Rs 607.33 crore in Q4 FY24, as against Rs 562.87 crore in the same period of the previous fiscal.
Its total expenses also grew to Rs 503.73 crore in Q4 FY24 from Rs 468.28 crore in Q4 FY23.
Metro Brands' total income stood at Rs 2,427.52 crore in the fiscal year 2023-24 as compared to a total income of Rs 2,181.51 crore in the previous fiscal.
Nissan Joseph, CEO, Metro Brands says, despite the high base effect in FY23 due to post-COVID-19 easing, the company’s sales grew by 11 per cent Y-o-Y. Additionally, its sales per square foot increased from Rs 17,500 per sq ft. in FY'19 to Rs 18,700 per sq ft in FY24, reflecting the company’s successful adaptation to the new market conditions and the ongoing normalisation post-COVID.
Metro Brands has extended its retail agreement with Crocs. It has gained exclusive rights to operate and own Crocs stores across western and southern India. Additionally, the company will continue to operate all existing stores in northern and eastern India. During the year, a total of 97 net stores were opened, showcasing the growth and expansion of the company.
Member of the Jaipur royal family, Princess Gauravi Kumari has been appointed as the brand ambassador for the brand Jimmy Choo in India. The young royal is the cofounder of the PDKF store in Jaipur, which showcases the work of women associated with the Princess Diya Kumari Foundation, an organisation founded by her mother. Notably, all proceeds from the store support the foundation.
The princess’ influence and vision perfectly resonate with the brand’s ethos of blending tradition with a contemporary point of view, says Sandra Choi, Creative Director, Jimmy Choo.
Expressing her enthusiasm, Kumari adds, Jimmy Choo’s take on refined glamor and timeless elegance has always been admirable. The brand has been increasingly focusing on the Indian market. Last week, it hosted a cocktail party in London to celebrate Vogue India’s May-June issue, featuring ‘Bridgerton’ actor Simone Ashley. In November 2023, the brand organised an event to highlight Indian talent, including Sanjay Garg of Raw Mango, Gaurav Gupta, and Akshat Bansal of Bloni Atelier. Additionally, the luxury footwear and accessories brand has opened two boutiques in Mumbai.
A recent report from Barclays forecasts, world's most populous country, India will soon become the next frontier for global luxury markets. Although the country currently accounts for only about 2 per cent of global luxury sales, the market is likely to grow at an annual rate of 15 to 25 per cent to reach a value between €23 billion and €38 billion over the next seven years, estimates Barclays.
FirstCry, a leading omnichannel retailer specializing in baby and mother care products, is poised to resubmit its draft initial public offering (IPO) papers to the Securities and Exchange Board of India (Sebi) following concerns raised by the regulator regarding insufficient disclosure in key performance indicators (KPIs).
Sources familiar with the matter revealed that the SoftBank-backed company intends to address these concerns by revising its filings and incorporating updated financial data as of March 2024.
Sebi's insistence on comprehensive KPI disclosures reflects a broader trend of regulatory vigilance, particularly in the wake of recent instances where IPOs from new-age firms have led to retail investor apprehension due to inadequate KPI transparency.
Notably, this development aligns with a string of IPO filings by prominent companies like Ola Electric and Awfis, alongside SoftBank-backed Swiggy's imminent public offering.
FirstCry's anticipated IPO, potentially valued at $500 million, hinges on the valuation it sets for itself. With plans for international expansion and infrastructure development, the company aims to leverage the fresh capital infusion to bolster its presence and offerings in the burgeoning market for baby and mother care products.
Modenik Lifestyle's innerwear brand, Dixcy Scott, has launched a new campaign to connect with Gen Z men by promoting self-confidence. Developed in collaboration with creative agency TBWA India, the campaign features cricket players Yashasvi Jaiswal and Mohammed Siraj.
Launched on May 23, the campaign film emphasises, real self-confidence is reflected in body language, and Dixcy Scott's comfort-driven innerwear is designed to enhance this confidence. The film showcases Jaiswal and Siraj in various challenging situations, highlighting their innate confidence.
Modenik Lifestyle's CEO, Shekhar Tewari, explains, the 'Body Ki Bhasha' campaign celebrates the confidence that comes from being true to yourself, which is reflected in your body language. It deems societal norms as irrelevant when you believe in yourself. Comfortable innerwear contributes immensely to this self-belief, influencing how men perceive themselves and are perceived by others by how they carry themselves. Dixcy Scott innerwear plays a vital role in providing the comfort and support that boosts this confidence. This campaign showcases how comfortable innerwear enhances body language, enabling you to seize the moment and stand out.
Govind Pandey, CEO, TBWA India, adds, the campaign posits that being good at what you do and having confidence is more important than conforming to societal norms such as speaking certain languages. Inspired by real-life scenarios, the brand chose young cricket players to connect with Gen Z, for whom self-expression is a high priority.
Designers David Abraham, Rakesh Thakore, and Kevin Nigli have unveiled a new location for their handcrafted apparel and home brand, Abraham & Thakore, in New Delhi’s upscale Defence Colony. This store, co-designed with Studio Organon, a Delhi-based architecture and design firm, features polished, white-marbled walls subtly veined with black streaks and square-mesh-patterned terrazzo flooring. The minimalist interiors align with the brand’s aesthetic, showcasing open closets lined with garment rods, black shelves displaying delicate ceramics, and furniture accentuated with linens and carpets.
This is the brand’s third store in the capital, replacing a nearly 12-year-old outlet in south-east New Delhi. The brand also has stores in The Dhan Mill, near Chhatarpur, and DLF Promenade, Vasant Kunj, which focus primarily on fashion.
Abraham & Thakore’s design ethos centers on Indian textiles and crafts. Their autumn/winter 2011-12 double ikat silk houndstooth sari and shirt are part of the Victoria & Albert Museum's permanent collection in London. Since 1992, the brand has expanded internationally with stores in London, Paris, New York, Tokyo, Singapore, Rome, and Kuwait. However, significant expansion within India began in 2022 after Reliance Brands Ltd (RBL) acquired a majority stake. The brand currently has six stores in India, with two more opening in Hyderabad next month and Mumbai by September.
The brand’s success stems from its ability to convey complex designs simply.It focuses on the essence of a technique, asking itself if many patterns are necessary when one suffices, or if multiple lines are needed when a single line can express our design languages.
This philosophy is evident in the brand’s latest spring/summer home and apparel collection, Body Language, now showcased in the new store. The collection features playful typography with numbers, alphabets, and symbols, and explores techniques such as ikat, ajrakh, brocades, badla, sequin, and fine laser cut work. “Each collection is a composite of diverse elements — silks from Varanasi, industrial tencel linen blends from Surat, Maheshwar silk cotton woven on handlooms, and ikat fabrics from Telangana. We work with various techniques across multiple clusters, incorporating a bit of everything in each collection,” David elaborates.
The brand recently displayed its textiles and ceramics at the AD Design Show 2023. The new store features napkins and table runners with signature kantha stitches, porcelain bowls, marble cheese plates, scented candle sets, ikat bed linen, and artwork centered on the dot motif. The brand collaborates with approximately 30 to 40 vendors and suppliers nationwide, varying according to textiles and techniques. Their association with ikat weavers dates back to their first collection.
Lee Cooper launched their eco-friendly clothing line, the Lee Cooper ECO collection, featuring the world's first jeans made from recycled cigarette butts.
This sustainable initiative coincides with Earth Day and aims to reduce waste.
Lee Cooper recognizes the power of Indian content creators and sees them as environmental influencers, not just celebrities.
Actor Karan Kundrra introduced the collection at a Thane store alongside influencers and host Anushka.