14 May 2022, Mumbai:

The net profit of Relaxo Footwears declined by 38.40 percent to Rs 62.93 crore in Q4FY’22. The brand had posted a net profit of Rs 102.17 crore in the January-March quarter of the preceding fiscal.

ALSO READ Relaxo Footwear Q3 FY22 results reported

The brand’s revenues from operations declined by 6.61 percent to Rs 698.19 crore during the period under review as against Rs 747.68 crore in the corresponding period of the previous fiscal.

Its total expenses increased marginally by 0.43 percent to Rs 619.66 crore against Rs 616.96 crore a year ago.

RELEVANT NEWS Relaxo Footwear’s Q2 results posted

For the entire financial year ended on March 31, 2022, Relaxo Foot wears' net profit declined by 20.19 percent to Rs 232.68 crore. It had reported a net profit of Rs 291.56 crore in 2020-21.

Its revenues from operations grew by 12.46 percent to Rs 2,653.27 crore in 2021-22.

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09 May 2022, Mumbai:

The smartwatch market in India recorded a 173 percent year-on-year growth in Q1 FY’22, according to the latest research from Counterpoint’s IoT Service.

ALSO READ Actor Rohit Saraf is the new brand ambassador for Titan-owned, Fastrack

As per the report, the growth was driven by growing consumer interest, multiple launches during the quarter, and the availability of various discount offers and promotions.

According to Anshika Jain, Senior Research Analyst the contribution of the <Rs5,000 ($67) retail price band increased to 87 percent from 78 percent in Q1 2021.

The Rs 1,000-Rs 2,000 ($13-$27) retail price band reached its highest ever share of 14 percent from just 2 percent a year ago.

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Noise led the market growth with a 23 percent share, its shipments doubled Y-o-Y in Q1 2022 due to the good performance of its newly introduced devices. The Colorfit Pulse was the brand’s best-selling model.

Fire-Boltt took the second position with a 21 percent share. It has multiple launches this quarter with the Ninja Pro Max being its most popular device

boAt recorded a 106 percent Y-o-Y growth and captured the third position with a 17.8 percent share. The Xtend and Storm models captured almost two-thirds of its total portfolio.

The brand also launched the Wave Pro 47, its first made-in-India smartwatch during the quarter.

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02 May 2022, Mumbai:

Nucleus PR will henceforth handle the public relations activities of Bengaluru-based Yashram Lifestyle Brands.

The brand’s reputation will be strengthened through innovative product offerings that solve real-life vulnerabilities.

ALSO READ Lifestyle brand Pero uses video content to showcase latest collection

It currently operates brands like Morph Maternity and Adira.

Deepa Kumar, Founder & CEO, of Yashram Lifestyle, says, their innovations resonate with consumers. Kumar is also credited for her widely popular invention – “Period Panty” which has found loyal patrons across the country.

She holds the patent for the "Sanitary Undergarment” invention from the United States Patent Office in March 2015 and an Indian Patent for the same product in February 2019.

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Nucleus PR’s innovative approach enables clients to meet their business goals.

Its services include overall reputation management, crisis communication, leadership profiling and editorial services, among others.

It manages clients like Nobel Hygiene, Sigtuple, Elever , Ironhill India, Lummo, Evergreen Club, Tonic Worldwide, Cupshup and SoCheers.

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06 May 2022, Mumbai:

Iconic Italian sportswear brand Lotto has collaborated with one of the largest e-commerce companies in Asia, Coupang.

As per the agreement between the two companies, Coupang will serve as the exclusive distributor for Lotto in South Korea bringing a curated collection of men's and women's lifestyle footwear, apparel and accessories to consumers.

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The partnership comes as South Korea is forecasted to become the third-largest market for e-commerce sales in the world, after only the US and China.

Currently, Coupang is South Korea's largest e-commerce player and one of Asia's leading e-Commerce companies thanks to its nearly 18 million active customers.

Lotto is well-known for its innovative performance-driven footwear, apparel, and accessories, which feature the signature double diamond logo.

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Founded in 1973, it is currently distributed in over 100 countries and is a major force in both soccer and tennis.

The brand has been worn by more than 40 soccer teams, over 300 professional soccer players and more than 200 professional tennis players around the world including tennis Grand Slam champions Martina Navratilova, Francesca Schiavone, Marion Bartoli, and Boris Becker.

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29 April 2022, Mumbai:

Sports brand Puma has roped in KL Rahul to launch Ider’s new collection comprising jackets, track pants, co-ord sets, and sneakers along with T-shirts and hoodies.

Shreya Sachdev, Head- Of Marketing, Puma India says, 1der’s new collection perfectly embodies KL Rahul’s sense of design and style.

ALSO READ PUMA EXTENDS W SERIES PARTNERSHIP AND SIGNS EMMA KIMILÄINEN FOR 2022 SEASON

This new range highlights street culture with his signature touch. The brand’s new cat logo has been redesigned by Rahul and reflects an all-new cool vibe.

German sportswear brand, Puma has witnessed strong growth in India over the last few years through its association with cricketers and it sees huge potential going forward.

RELEVANT NEWS Despite supply chain issues, Puma outperforms quarterly predictions

Puma has around 360 stores across 120 cities and is present across e-commerce platforms in India.

The brand designs and manufactures athletic and casual footwear, apparel and accessories. It is the third-largest sportswear manufacturer in the world.

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12 May 2022, Mumbai:

Bollywood actor DeepikaPadukone has been signed by French luxury fashion house Louis Vuitton as their house ambassador.

Padukone has become the fashion house’s first Indian house ambassador in its 167-year history.

ALSO READ Louis Vuitton: France production to bolster

The announcement also comes at a time when Louis Vuitton’s biggest outlet in India — at 7,376 square feet — is reportedly on the anvil in a mall for high-end luxury goods built by Reliance.

Louis Vuitton currently operates via three stores in India — in New Delhi, Mumbai and Bengaluru.

According to data accessed by *Toefler, Louis Vuitton India Retail's operating revenues range is Rs 100 crore to Rs500 crore for the financial year ending on 31 March, 2021.

According to the *Hurun India Wealth Report 2021, Louis Vuitton is the most preferred luxury goods brand among these households, followed by Gucci and Burberry.

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India is home to one of the fastest growing affluent households in the world and hence, the next decade presents a meaningful opportunity for luxury brands and service providers to enter/ further strengthen presence in India, says AnasRahmanJunaid, MangingDirector and Chief Researcher, Hurun India.

According to a *EuroMonitor report, 2022’s summer holiday period could be a huge growth opportunity for luxury goods in India depending on the threat level of the pandemic, given the emergence of a new variant of COVID-19 towards the end of 2021.

Padukone has been named a member of the jury of this year’s 75th Cannes Film Festival. In 2018, Time Magazine named Padukone as one of their “100 Most Influential People”. She was also recently awarded the TIME 100 Impact Award for her contribution to the field of film and entertainment.

Louis Vuitton is owned by Moët Hennessy Louis Vuitton, commonly known as LVMH — a French holding multinational corporation and conglomerate specialising in luxury goods.

It had a valuation of $329 billion in 2021 and is one of the most valuable companies in Europe. Its chairman and CEO, Bernard Arnault, together with his family, is the second-richest person in the world — with a net worth of $140.1 billion.

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CREDITS: As per a Toefler, Euromonitor & Harun Wealth report.

06 May 2022, Mumbai:

Traditional Swiss company Victorinox has opened a new store at the Palladium Mall, High Street Phoenix in Mumbai.

ALSO READ Luxury brands hike prices as sales rebound

The store has a long facade with one broad entrance. Its wide product range is displayed across clearly arranged 79 sq. mt.

The store offers functional travel gear for fitness and sports enthusiasts, trendsetters, and travel aficionados. It also offers watches and perfume.

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There is a wide collection of knives and utensils for amateur chefs and professionals.

Another highlight of the store is the Cadet Swiss Spirit Limited Edition 2022, a collection of Switzerland-manufactured knives.

Victorinox products are now available in over 120 countries through shop-in-shops and over 50 own retail stores.

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28 April 2022, Mumbai:

Reliance Industries is developing Jio World plaza in Mumbai, a ritzy mall to lure India’s uber-rich citizens to buy expensive bags and shoes.

Spread across four floors, the mall will be developed inside the Jio World Trade Centre. It will have marble floors and a golden guardrail and house around 30 brands including LVMH's Louis Vuitton, Tiffany, and Dior.

ALSO READ Michael Kors opens 'Lifestyle store' at JioWorld Drive Mall,Mumbai

Also present will be LVMH rival Kering's Gucci, Balenciaga, and Bottega Veneta, along with Versace, Richemont's Cartier, and Hermes.

The Mumbai mall is Reliance’s first attempt to bring non-partner, high-wattage luxury brands together with existing partners for local sales like Tiffany and Bottega Veneta.

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It will act as a great image booster for Reliance, says Abhay Gupta, CEO, of Luxury Connect. International luxury brands in the country continue to face issues like a limited number of stores, says Luca Solca, Senior Luxury Goods Analyst, Bernstein.

Yet, India's personal luxury market is set to grow at 12 percent a year to reach $4.7 billion by 2026, as per *Euromonitor International report.

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CREDITS: *Euromonitor International report. 

10 May 2022, Mumbai:

Campus Activewear’s latest Rs 1,400-crore initial public offering (IPO) was subscribed 51.75 times. Response to the IPO exceeded analysts’ expectations given the challenging market conditions.

The IPO was entirely a secondary share sale by existing shareholders including private equity firm TPG.

ALSO READ Footwear brand Campus plans IPO

One of India's largest sports and athleisure footwear brands, Campus Activewear manufactures and distributes a variety of footwear including running Shoes, Walking Shoes, Casual Shoes, floaters, slippers, flip flops, and sandals, in multiple colors, styles and at affordable prices.

The brand sells its products through online platforms and offline stores.

Analysts at ICICI Securities believe, that to sustain premium valuations the brand would have to replicate a similar growth trajectory.

RELEVANT NEWS SEBI approves Campus Activewear’s new IPO

The brokerage firm’s 'subscribe' rating would enable it to deliver sustainable profitable growth, they add.

However, analysts at HDFC Securities say, the volatile financial parameters of Campus in the past do not guarantee any improvement in the future.

The brand relies on trade distribution and direct-to-consumer channels for the majority of its sales.

Any disruptions to operations of these channels or the brand’s limited ability to expand and grow this channel may adversely affect its sales, cash flows, and profitability, the brokerage firm adds.

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05 May 2022, Mumbai:

Amazon has revised its targets for cumulative exports from its platform in India from $10 billion to $20 billion by 2025.

Amit Agarwal, Vice-President-Emerging Markets says, the growing demand for ‘Made in India’ and the global selling program are driving exports from India.

ALSO READ Amazon Fashion India makes leadership changes

In 2021-22, India’s merchandize exports reached $418 billion thanks to the government's unwavering commitment.

The government had earlier set an ambitious target of achieving $400 billion in annual merchandize exports.

RELEVANT NEWS  Amazon India signs deal for warehouse space

Amazon launched the e-commerce export program Global Selling in 2015, which has over one lakh exporters.

Amazon launched the e-commerce export program Global Selling in 2015, which has over 1 lakh exporters.

The cumulative exports by these exporters are likely to surpass $5 billion, Agarwal informs.

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27 April 2022, Mumbai:

Jutti specialist Fizzy Goblet has expanded into fusion style heels and flats by launching a new subsidiary brand Fizzlet in collaboration with Bollywood celebrity Kareena Kapoor Khan.

The brand was launched as an easy, effortless, everyday footwear range on the e-commerce website.

ALSO READ Centro Brands targets Gen Z shoppers with new footwear brand in India

It was launched with a video ad and also features Kapoor’s collection of footwear from the brand under the ‘Kareena’s Picks’ section on the site.

Fizzlet owns a digital shop-in-shop in Fizzy Goblet’s e-commerce store.

The shop-in-shop sells ‘heels’ and a ‘flats’ and features everything from slip-on sandals, to sneakers, to stilettos.

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The collection boasts a bright color palette, feminine details, and the use of heritage craft techniques as embellishments.

Fizzy Goblet was launched by Laksheeta Govil as a modern jutti brand. The label sells embellished juttis, including fusion-style heeled juttis in collaboration with designers like Payal Singhal.

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