11 February 2022, Mumbai:

Aditya Birla Fashion Retail Ltd (ABFRL) plans to offer hyper-personalization solutions in partnership with technology provider Algonomy for its various apparel brands to streamline customer experience.

The partnership will enable ABFRL to offer one-on-one experience across business’ stores, websites, apps and email channels.

The business will also be able to offer more advanced product recommendations to shoppers based on their preferences. It currently runs numerous brands including Pantalooons, Louis Philippe, Van Heusen, Allen Solly and Peter England.

ALSO READ: ABFRL to create platform for Direct to Consumer (D2C) business

Artificial Intelligence is helping many fashion retailers gain more detailed and swifter customer insights and understand their behavior to increase their sale conversion rate.

ABFRL will begin to offer its AI services with Pantaloons which has already launched a ‘Style Finder’ service to help shoppers specify the categories and occasions they are shopping for based on their preferences.

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05 February 2022, Mumbai:

Ethnic wear brand Manyavar’s parent company Vedant Ltd plans to grow its retail network and product reach by foraying into Tier II and III cities of India. The company believes, these market will offer it significant growth opportunities.

The company recently raised Rs 945 crorein investments ahead of its initial public offering which launched on February 4.

The funds were garnered from the company’s anchor investors including Government of Singapore, Monetary Authority of Singapore, Fidelity, Nomura, Abu Dhabi Investment Authority, Morgan Stanley Asia (Singapore) Pte, BNP Paribas Arbitrage, and SocieteGenerale. the Press Trust of India reported.

The business chose to allot over 109 lakh equity shares to its anchor investors at Rs 866 per equity share. This also makes up the upper band of the IPO and aggregates the total transaction size to Rs 944.75 crore.

The IPO, which rolled out on Friday, is an offer for sale of 363.6 lakh equity shares by the business’ promoters and existing shareholders.

The business’ promoters are Ravi Modi, ShilpiModi, and the Ravi Modi Family Trust and the IPO will conclude on February 8.

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*Figures mentioned in the above article have been sourced from Fashion Network article. 

03 February 2022, Mumbai:

Anjana Pasi, Founder and Director, MiniKlub, reveals, the company plans to launch a sustainable summer wear collection soon.

Launched in 2013 to manufacture kidswear, MiniKlub has grown into a Rs 107 crore turnover company in the last one decade.

The brand has over 450 multi-brand outlets, leading large and regional large format stores across India. It mainly offers clothes for children — from newborns to six-year-olds.

MiniKlub also has a strong marketplace presence with Myntra, Amazon, Flipkart, and Ajio. It recently launched a sub-brand Mini Cuddles in the UK, in partnership with John Lewis – the largest cooperative in the UK. Mini Cuddles offers a comfy fashion range for kids aged up to two years old.

The core of the brand lies primitively in offering premium quality, says Kasi. It sources raw materials locally from India and Sri Lanka, where the brand has its second manufacturing unit. The main unit is in Bengaluru, Karnataka.

MiniKlub has been growing at around 13 per cent year-on-year, given that the brand is also planning to get listed in the next few years. However, one of the biggest challenges it faces is the rise in the price of cotton

The increase in cotton prices is set to stay due to the change in market equilibrium. The consumer will have to pay close to 15 percent higher, which will reduce the overall consumption, adds Pasi.

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11 February 2022, Mumbai:

Exclusive licensee of Jockey International, Page Industries’ Q3 net profit surged 13.58 per cent year-on-year to Rs 174.6 crore as compared to a net profit of Rs 153.70 crore during the October-December period in the previous year.

The company’s revenue from operations increased 28.34 per cent to Rs 1,189.80 crore during the quarter as compared to Rs 927.06 crore in the corresponding period in previous fiscal.

Sunder Genomal, Managing Director says, the company’s sales momentum has picked up significantly across all its product categories backed by expansion in our portfolio and existing network.

ALSO READ: Page Industries (Brand Jockey) reports Q2 results

The company has embarked on a growth path and is confident of delivering sustainable growth over the long term.

Helped by strong execution and delivery of profitable growth, Page Industries’ e-commerce business continues to witness increased investments in warehousing, technology, and logistics support.

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05 February 2022, Mumbai:

The Q3 profit of Aditya Birla Fashion and Retail (ABFRL) jumped by three-fold to Rs 196.80 crore against a net profit of Rs 58.44 posted in the year-ago quarter.

The company’s revenues from operations grew by 43.87 per cent to Rs 2,987.10 crore during the quarter under review, against Rs 2,076.19 crore in the corresponding period of the previous fiscal.

ABFRL's total expenses increased by 36.52 per cent to Rs 2,744.35 crore in the quarter, from Rs 2,010.17 crore a year ago.

Its revenue from Madura Fashion & Lifestyle segment surged by 57.59 per cent to Rs 1,990.52 crore, compared to Rs 1,263.10 crore in the year-ago quarter.

Pantaloons’ revenue increased 31.45 per cent to Rs 1,066.43 crore, against Rs 811.27 crore.

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03 February 2022, Mumbai:

Clothing brand Lovebirds plans to promote a more sustainable approach to fashion by moving away from seasonal calendar.

The brand plans to release around four smaller collections a year which include versatile pieces which can be used in multiple seasons in a move to prevent waste.

For its latest collection, Lovebirds has experimented with sustainable fabrics including wool, organic cotton, and handwoven denim and this season its denim includes stripes of extra yarns which have been hand-cut.

The brand is gravitating towards wrinkly and textured fabrics that celebrate beauty in its crude, organic form, says Gursi Singh, Co-Founder.

It is also exploring a knitwear collection this year.

Launched by Gursi Singh and Amrita Khanna, Lovebirds aims to showcase a different take on the classic Indian aesthetic to a global audience.

The brand currently retails from its flagship store in New Delhi and its dedicated e-commerce store.

It plans to expand its retail footprint in 2022.

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09 February 2022, Mumbai:

Manish Kapoor, Chief Executive Officer-India, Pepe Jeans London has been promoted as the brand’s new Managing Director in continuation with his current role as CEO from 2022.

In his new role, Kapoor will help Pepe Jeans London grow existing businesses aligned with the broader global strategy. He joined Pepe Jeans India in 2014 and was promoted as Sales Director within a span of two years.

Owing to his strategic contribution towards the growth of the brand in the Indian market, in April 2019, Kapoor was elevated to Chief Business Officer and subsequently appointed as Chief Executive Officer in September 2019.

ALSO READ: Pepe Jeans forays into the D2C space

He has previously held key leadership roles in brands such as French Connection, Sisley, Benetton India, Pantaloons and Madura Garments to name a few.

A B-Tech degree holder from the Technological Institute of Textiles and Science in 2000, Kapoor also holds a diploma in Apparel Marketing and Merchandising Management from NIFT.

He was awarded the Gold Medal for Academic Excellence at NIFT and was an All India topper in his PGDAMMM course across all NIFT centers.

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04 February 2022, Mumbai:

In its Q3FY2022, Lux Industries posted a net profit of Rs 101.30 crore as against net loss of Rs 100.44 profit posted in Q2 ended September 30, 2021. 

The company’s total income grew Rs. 668.01 crores during the quarter ended December 31, 2021 as compared to Rs 630.86 crores during the quarter ended September 30, 2021.

On year-on-year basis, Lux Industries posted a net profit of 101.30 crore for the period ended December 31, 2020.as against net loss of Rs 75.54 crore for the period ended December 31, 2020.

The company reported total income of Rs 668.01 crore during the period ended December 31, 2021 as compared to Rs 539.79 crore during the period ended December 31, 2020.

CREDITS: Equity Bulls

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*Figures mentioned in the above article have been sourced from Fashion Network article. 

 02 February 2022, Mumbai:

Cantabil Retail India posted a net profit of Rs 23.7106 crore during the third quarter ended December 31, 2021.

The company’s total income increased to Rs 133.8306 crore during the third quarter against Rs 93.5991 crore income reported in Q2 ended September 2021.

On a year-to-year basis, Cantabil Retail India posted a net profit of Rs 23.7106 crore during the year ended December 31, 2021.

Total income was Rs 133.8306 crore during the period ended December 31, 2021 as compared to Rs 101.4435 crore during the period ended December 31, 2020.

CREDITS: Equity Bulls

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07 February 2022, Mumbai:

Fashion retailer Pepe Jeans has decided to foray into the D2C space. The brand uses ‘Commerce Cloud’ to deliver seamless e-commerce experiences, as per an Indian Retailer report.

The software enables customers to filter products on the brand’s website, find what they need, fill their carts, and enjoy a quick checkout process, says Manish Kapoor, Managing Director & CEO, Pepe Jeans India.

For the Commerce Cloud operations, the company relies on the support of cloud-based software company Salesforce.

Commerce Cloud service empowers the company to create seamless e-commerce experiences that inspire and convert today's connected shoppers. Pepe Jeans aims to not just create a great website but also to build a strong and engaged community around its brand.

ALSO READ: Manish Kapoor promoted as Pepe Jeans London’s MD & CEO

Using Salesforce, the brand has integrated the website with social channels to amplify the brand’s reach and engagement.

It has also partnered Indian celebrities and influencers to curate various ‘looks’ using Pepe Jeans outfits on social media.

If a consumer ‘likes’ any of these looks, they’re immediately redirected to the Pepe Jeans website to find out more.

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04 February 2022, Mumbai:

Retailer of brands like Jack & Jones, Vero Moda and Only, Bestseller India has collaborated with social commerce platform Trell Shop for retailing its products.

The launch of these brands on the platform marks Bestseller’s entry into the social commerce market in India. It will strengthen Trell’s offerings in the mass premium segment and strengthen its presence in the Indian fashion market.

As per the terms of collaboration, Jack & Jones, Vero Moda and Only will get access to Trell’s ecosystem of 18 million content creators and over a 100 million users across metro and non-metro cities, the two companies.

Present in 46 countries with over 2,800 mono-stores and 12,000 external multi-brand stores. In India, Bestseller also retails brands such as Selected Homme and Produkt. It currently has 375 exclusive brand outlets apart from 1,219 shop-in-shops in multi-brand stores in India apart from sales online.

On the other hand, Trell Shop offers products from several brands L’Oreal, Garnier, Plum Goodness, Calvin Klein, Elle 18, Global Desi, Bewakoof, among others.

The addition of Bestseller brands to its portfolio will expand its brands collection on the platform.

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29 January 2022, Mumbai:

Leading babywear brand Miniklub plans to expand its operations by launching more stores in India by 2022-end.

The brand recently launched its ninth Indian store in Benglauru.

Located in HRBR Layout, the newly launched store offers a vast variety of safe and comfortable apparel for new-born to 6-year-olds.

The store will have a well-trained staff and a spacious display of all kinds of garments and a wide range of non-apparels at the store.

MiniKlub’s offerings include baby essentials, apparel, footwear, toys, travel care, for both boys and girls. Expanding its footprint in the country,

Incepted in 2013 from the house of First Steps Babywear, Miniklub has now grown by leaps and bounds into an omni-channel brand with a presence in over 600 multi brand outlets, leading e-retailers and exclusive brand stores - physical and online.

The crux of the brand lies in its enthusiasm to create companions for little ones, as they discover the world around, with open mouthed wonder. Each product of the brand is developed through diligent consumer research, material exploration, prototyping and market testing.

CREDITS: Retail4Grwoth

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