09 May 2022, Mumbai:

The standalone net profit of Go Fashion (India)' increased 72.75 percent to Rs 12.30 crore in Q4 FY22 as revenue from operations grew 29.41 percent rise to Rs 116.24 crore.

The company’s standalone profit before tax (PBT) went up 61.21 percent to Rs 15.17 crore during the quarter as against Rs 9.41 crore in the corresponding quarter last year.

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Total taxes increased 25.32 percent to Rs 2.87 crore as compared to Rs 2.29 crore in Q4 March 2021.

Go Fashion (India) recorded a net profit of Rs 35.60 crore in FY22 against a net loss of Rs 3.53 crore in FY21.

Revenue from operations grew 60.10 percent to Rs 401.31 crore in FY’22. Go Fashion retails women's bottom wear under its own brand, Go Colors.

The company sells in the domestic market through an extensive pan India retail channel comprising 476 EBOs and around 1,330 large format stores.

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30 April 2022, Mumbai:

Indian fast fashion ethnic wear brand Libas plans to set up 50 new offline stores in Tier II and III cities by the end of 2023. In the last six months, the company has opened three brick-and-mortar stores in Delhi.

Currently, present offline only in Delhi, the company plans to launch nearly five to six stores in metro cities such as Delhi, Mumbai, and Bengaluru over the next three to four months.

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The brand is expanding within metro cities due to the economic and e-commerce data it has.

The brand’s gross revenue grew by around 40-45 percent during FY22. The company claims it has set an 80-85 percent growth rate for all its major channels including retail stores, and D2C channels, among others.

The brand’s offline stores account for about 10-12 percent of the overall business, while the remaining 90 percent comes from online platforms.

Furthermore, online, e-commerce marketplaces such as Amazon, and Flipkart, among others account for 75-80 percent of the revenue, while the rest 20 percent comes from the company’s website.

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By the next two years, the brand expects the revenue split between marketplaces and offline channels to be equal.

The plans to launch its first campaign on digital platforms such as social media and OTT channels including Hotstar and Voot.

It recently launched a Spring Summer 2022 campaign #TheresAlwaysALibas with actress Sara Ali Khan. “

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13 May 2022, Mumbai:

Indian sportswear brand Proline has launched its first-ever street style collection. Inspired by outdoor sports and adventures, the collection offers reputed designs.

It reflects the brand’s values of self-expression and functionality through its bolder cuts, oversized graphics, street signages, and layered looks.

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The Street Style collection blends the innovativeness of sportswear with the vibrancy of athleisure wear. Meticulously designed, the range ensures maximum comfort to suit the active and always on-the-go lifestyle of the consumer.

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The collection includes trendy joggers, edgy shorts, stylish pants, and statement T-shirts. Abhay Dev, Head–Design, Proline says, the Street Style Collection offers designs inspired by the parkour culture. It features bold yet easy-to-wear classic colors like chrome yellow, navy, red, white, etc.

The collection will be introduced in Lifestyle stores, Central, Reliance Trends, and Shopper stop stores and will retail online on Ajio, Myntra, and Proline.in.

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07 May 2022, Mumbai:

Retailer of Hush Puppies in India, Bata India has launched an all-new 360-degree campaign, titled ‘Neo Casuals for Neo Leaders’.

*The campaign strengthens Hush Puppies' positioning as a premium and contemporary brand, catering to the footwear needs of working professionals across genders.

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Hush Puppies stores have also been upgraded for an enhanced visual merchandising experience and as part of the exercise; the brand intends to invite younger professionals and women audiences and expands its presence across retail outlets and e-commerce channels.

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To communicate the new focus on the casual range, Bata India has launched the ‘Neo Casuals for Neo Leaders’ campaign for Hush Puppies celebrating the Neo Leaders of today who have been at the forefront of propelling positive change and inspiring others with their progressive and exemplary leadership style.

The new age leaders showcase a significant shift in leadership styles with their purpose-driven, people-first approach.

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CREDITS: *As per an Indian Retailer report.

29 April 2022, Mumbai:

Amidst the growing pandemic spread in China and the Ukraine-Russia war, Puma India plans to focus on gaining market share and increasing bottom lines over mid-tern rather than focusing on short-term gains that increase operating expenses and impact .profit margins, he adds.

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Puma India sold over products in all categories during its first quarter with most growth in running, football, basketball and golf apparel, informs Bjorn Gulden, CEO, However, the brand has decided to stick to its initial outlook for the year given the increased uncertainty in the world currently.

Benefitting from investments in innovation and marketing, the earnings before interest and taxes of Puma increased 27 percent to €196 million ($208.62 million) in the first three months of 2022, compared to analysts' average forecast for EBIT of €181.5 million.

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Puma India is one of the country’s leading sports brands, designing, developing, selling, and marketing footwear, apparel, and accessories.

The German-headquartered brand forayed into India in 2006 and has since relentlessly pushed sport and culture forward through its performance and sport-inspired lifestyle products through a wide roster of brand ambassadors across disciplines such as Cricket, Football, Running and Training, Motorsports, Golf, and Basketball. The brand has top faces of India such as cricketers Virat Kohli and KL Rahul, Bollywood actors.

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13 May 2022, Mumbai:

Q4 FY’22 net profit of Vedant Fashions grew 86 percent to Rs 88 crore as against Rs 47 crore it reported in the year-ago period.

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The company’s revenue during the quarter increased 53 percent to Rs 307 crore, as against Rs 200 crore reported in the corresponding period of the previous fiscal year.

For FY 2021-22, Vedant Fashions’ net profit rose to Rs 314 crore while revenue increased to Rs 1,090 crore.

Promoted by Ravi Modi, Shilpi Modi, and Ravi Modi Family Trust, Vendant Fashions owns the ethnic wear brand Manyavar, which retails traditional style occasion wear.

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The brand currently has 525 exclusive brand outlets including 55 shop-in-shops.

It is present in 207 Indian cities and is also available in countries including the US, UAE, and Canada. Along with Manyavar, Vedant Fashions also operates clothing brands Twamev, Manthan, Mohey, Mebaz, etc.

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CREDITS: As per a Fashion Network report.

06 May 2022, Mumbai:

The new Puma Yoga X Kareena collection by sports brand Puma was launched with a campaign film #YogaAnywhereEverywhere featuring actor Kareena Kapoor Khan.

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The 45-second digital film shows her performing various yoga asanas. Shreya Sachdev, Head-Marketing, Puma India says, the digital film compliments the spirit of the new collection.

It showcases activewear with high doses of fun and glamour.

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The collection is made with recycled materials and will be available across Puma outlets and e-commerce stores across India.

Puma is a German brand involved in designing and manufacturing athletic and casual footwear, apparel, and accessories.

Founded in 1946, it is the third-largest sportswear manufacturer in the world.

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28 April 2022, Mumbai:

Ethnic wear and lifestyle brand Fabindia plans to offer in-store deals on purchases made on Citibank cards until May 16 and the brand has also launched a family and friends referral scheme.

FabIndia has launched a partnership with Citi India to promote both its brand and the bank’s cards, FabIndia announced on Facebook.

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The offer gives shoppers making purchases on Citibank cards 10% off their purchases over Rs 5,000 with savings of up to Rs 1,000.

The business has also launched a ‘FabFamily’ rewards scheme which enables shoppers to refer five friends and family members to shop at FabIndia in return for points.

The points can later be exchanged for discounts.

RELEVANT NEWS Fabindia and Hidesign opened their first joint location store in Chennai.

The scheme runs until May 9 and aims to bring more customers into its brick-and-mortar stores.

FabIndia also recently launched its latest collection for its new womenswear brand FabNu.

The fusion-style line features summer dresses, matching separates, tops, and accessories in tropical prints with bohemian style details.

The youthful line shows FabIndia’s increased focus on Millennial and Gen Z customers as it continues to reach out to new demographics.

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12 May 2022, Mumbai:

Reliance Brands (RBL) has signed a long-term franchise agreement with Italian luxury lifestyle brand Tod’s SpA.

This makes RBL the official retailer of the brand across all categories including footwear, handbags, and accessories in India.

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As per the agreement, management of Tod’s existing channels will be taken over by Reliance Brands who will focus on enhancing the brand’s market potential and strengthening its digital presence.

Currently, Tod operates in India through mono-brand stores in DLF Emporio, New Delhi and Palladium, Mumbai, and multi-brand e-commerce platform Ajio Luxe.

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Carlo Alberto Bereta, General Brand Manager, Tod, believes its shared passion with RBL for quality and a modern and sophisticated lifestyle will allow the brand to explore its full potential.

A subsidiary of Reliance Retail Ventures, RBL began operations in 2007 with a mandate to launch and build global brands in luxury to premium segments across fashion and lifestyle. In the past five years, RBL has also invested in building and operating homegrown Indian designer brands.

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04 May 2022, Mumbai:

Reliance Brands plans to open Ray-Ban branded stores in India in association with Italy’s Luxottica Group.

Reliance will open a chain of Ray-Ban standalone stores as well as shop-in-shops and counters in other department chains within the Reliance brand and outside of the group.

ALSO READ Reliance Brands: 6th ‘Designer Brand’ acquisition & counting

Reliance Brands has also acquired India franchisee rights and an existing network of stores of Sunglass Hut from DLF Brands.

This will give Reliance Brands rights over more than 80 outlets of Sunglass Hut, a multi-brand seller of eyewear brands of Prada, Burberry, Versace, Tom Ford, Dolce & Gabbana, Oakley, etc. Luxottica currently sells Ray-Ban products through hundreds of multi-brand outlets.

RELEVANCE NEWS Reliance Brands Limited x Rahul Mishra have teamed together

Over the last few years, Reliance Industries and its high-end retailing arm Reliance Brands, have been acquiring various new brands.

Since 2019, Reliance Brands has either acquired retail brands or formed joint ventures with multiple Indian and global companies.

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25 April 2022, Mumbai:

Retail business Centro Brands plans to target Gen Z shoppers by launching the US-based footwear brand Toms in India.

The launch will begin with the unveiling of the brand’s Spring/ Summer 2022 collection. Centro Brands will launch licensed Toms footwear in the Indian market.

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It will also open around 20 Toms stores across India in the next three years. Simultaneously, it will retail on online multi-brand stores, and offline stores including Tata CLiQ, Tata CLiQ, Myntra, Ajio Gold, and Nykaa.

Madhav Bollam, Director, Centro Brands points out, that besides being trendy and comfortable, Toms shoes are also socially responsible and purpose-driven.

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Its Earthwise range offers ecological and vegan sneakers manufactured from recycled and recyclable materials that appeal to Gen Z. Toms’ signature shoe is a versatile slide-on sneaker-like shoe made with a blend of materials including recycled cotton canvas.

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