19 November 2021, Mumbai:

Fashion and lifestyle brand Guess plans to open 50 stores across India and touch a revenue mark of Rs 300 crore in the next five years. It will open its first ten stores this financial year.

The plan is to expand the base to the metropolitan cities and slowly penetrate into tier-2 markets, touching the top-grossing malls for the ease of consumers, said Manoj Nair, CEO, Gaurik Lifestyle - Guess International, its licensee in India.

“Then, we will gradually look into approaching the micro-markets and launching accessory stores in smaller cities that will carry our key categories like handbags, watches, etc,” he added.

ET

(The news article has not been edited by DFU Publications staff)

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.  

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

10th November 2021, Mumbai:

BrandMan Retail has acquired the retail arm of American sportswear brand New Balance in India. New Balance sells products like performance-oriented shoes and apparel. New Balance is an iconic brand synonymous with performance and aesthetic.

With growing focus on sports and fitness in India, BrandMan sees a huge potential in expanding presence across the country with a long-term sustainable growth strategy. The retail solutions provider, based in New Delhi, will represent the company’s presence in India via omnichannel retail, taking over from earlier India partner, Major Brands.

BrandMan has already set up retail stores for the company in malls across India. New Balance will grow its presence across India with key retail players like Shoppers Stop, Lifestyle, among others. They will likely have 35 points of sales across India before the end of fiscal 2021-22. The company will also retail online. New Balance would be available for retail across standalone stores as well as shop-in-shop models. It will also have an extensive online presence across the BrandMan's website as well as on Nykaa and Tata CLiQ. New Balance is based in the United States.

India's retail sector was estimated at $883 billion, with grocery retail accounting for $608 billion. The market is projected to reach $1.3 trillion by 2024.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.  

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

22nd October 2021, Mumbai:

The campaign will be pushed across India on television and internet media, as well as through billboard and newspaper advertisements.

The brand hopes to expand its youthful consumer base across the country with this campaign. Sparx has also teamed up with digital influencers from other areas to help improve the campaign's visibility on social media.

"We are feeling really happy about the launch of Sparx #ItsInMe campaign with Akshay Kumar," said Gaurav Dua, executive director of Relaxo Footwear, in a statement. The brand's message tugs at the heartstrings of the youth, encouraging them to overcome their fears and seek out the best in themselves.

We are convinced that this notion would assist Sparx in developing a stronger relationship with its customers."

Relaxo's Sparx has over 400 exclusive-brand locations around the country and sells online through its website and other top e-commerce platforms.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

17 November 2021, Mumbai:

For the second quarter, Liberty Shoes’ revenue rose 15 percent. The footwear major managed to narrow its net loss during the second quarter. This was possible with strong sales ahead of the festive season.

Liberty expects to have a strong third quarter on the back of festive and wedding season sales. With the lifting of restrictions on Covid across the country, Liberty stores are fully operational with increased footfalls resulting in higher revenue over the last few months and it expects the trend to continue in the coming quarters.

Liberty Shoes currently has a total of over 400 flagship stores across India and is present in over 5,000 multi-brand outlets. It also retails from its e-commerce store. Liberty Shoes’ total income was Rs 168.25 crores during the period ended June 30, 2019, as compared to Rs 143.99 crores during the period ended March 31, 2019.

Net profit was Rs 2.36 crores for the period ended June 30, 2019, as against Rs 1.34 crores for the period ended March 31, 2019. EPS was Rs 1.39 for the period ended June 30, 2019, as compared to Rs 0.79 for the period ended March 31, 2019.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

29th October 2021, Mumbai:

The specialty footwear and accessories retailer Metro Brands boasts to have a strong retail footprint & visibility having spread across 134 cities, 29 states Pan-India. Group proudly announces the opening of its physiological milestone hitting 600 via this flagship store come up in Bengaluru located at Lulu Global Mall.

The store has a sprawling area of 1,300-square feet, this (MBO) multi-brand outlet strategically will retail its classical-contemporary shoes brands like Da Vinchi, Skechers, ID, Fitflop, and Crocs to demonstrate its signature brand identity. The store true to its brand DNA is to offer an array of economy, mid-range, and premium footwear and accessories per se.

The management of Metro Brands reiterates its commitment to showcasing its best brands and brand offerings to keep catering to the discernible quality-conscious Indian consumer base it has raised & cultivated through decades.”

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

Nykaa’s revenue grew 47 per cent in the second quarter.The e-com beauty company has maintained its growth momentum. Increased marketing spends have led to an acceleration of customer acquisition, which is also evident in the unique visitor and transacting customer metrics.

Nykaa's beauty and personal care GMV (gross merchandise value) grew 38 per cent year on year while fashion GMV grew by 215 per cent.

Fashion GMV’s contribution to consolidated GMV increased to 27 per cent compared to 14 per cent in the second quarter of last year.

Monthly average unique visitors increased to 21 million with year-on-year growth of 62 per cent in the beauty and personal care vertical and 16 million with year-on-year growth of 328 per cent in the fashion vertical.

The company accelerated store expansion this quarter, with eight new retail stores across the country, including Gwalior, Kochi, Mysore, and Ranchi. Its total operational physical stores are 84 as of now.

The acquisition of the skincare brand Dot & Key marks a significant step towards Nykaa's owned brands strategy.

The company has launched the Nykaa eB2B app - Nykaa Superstore. The business will be an area of focus for the quarters to come. On the fashion side, Nykaa has launched the brand Gajra Gang in the Indian wear space.

Return to homepage

23rd October 2021, Mumbai:

Relaxo Footwear-owned brand Sparx aims to strengthen its connection with the youth through its new brand campaign “Sparx – It’s In Me.”

Featuring actor Akshay Kumar, the campaign will be promoted on television and digital platforms supported by billboard and newspaper advertising pan India. With this campaign, the brand aims to widen its millennial customer base across the country.

Sparx has also collaborated with digital influencers from different fields to further boost the campaign on digital media platforms.

Relaxo’s Sparx currently has over 400 exclusive-brand outlets across the country and sells online through its website and other leading e-commerce platforms. The parent Relaxo Footwears is the largest footwear manufacturer in India in terms of volume and second-largest in terms of revenue, with a market share of more than 5 percent. The company makes products under 10 brands including Flite, Sparx, Bahamas, and Schoolmate.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

20th October 2021, Mumbai:

FabIndia, a leading ethnicwear shop, has received flak for its 'Diwali' collection, dubbed 'Jashn-e-Riwaaz.'

Netizens are using the hashtag #BoycottFabIndia to protest the company on Twitter. FabIndia released information about their current collection, 'Jashn-e-Riwaaz,' which was published in Vogue.

"As we celebrate the festival of love and light, Jashn-e-Riwaaz by FabIndia is a collection that wonderfully pays respect to Indian culture," the business said on their official social media accounts.

After receiving negative feedback, FabIndia has since removed the initial tweet.

Tejasvi Surya, the Member of Parliament for Bengaluru South Lok Sabha and the national head of the BJP Yuva Morcha, also protested the apparel brand's marketing campaign on Twitter. FabIndia, he added, "must bear the economic price of such willful blunders."

Manipal Global Education Chairman Mohandas Pai also chastised the brand for its choice of language. "Maan, you don't get it!" he tweeted. The use of alien words for a Hindu celebration is a deliberate attempt to destroy and pervert our history! You may use any brand name after Diwali, but connecting it to Diwali at this time indicates a twisted attitude!

“We at FabIndia have always stood for the celebration of India with its various traditions in all hues,” the firm says. In fact, our motto and wordmark are both 'FabIndia - Celebrate India.' Jashn-e-Riwaaz, our current capsule of goods, is a celebration of Indian customs.

That is exactly what the phrase means. The capsule is not part of our Diwali Collection. Our Diwali collection, dubbed 'Jhilmil si Diwali,' is still in the works. Please keep an eye out. It's going to be stunning."

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

15 November 2021, Mumbai:

For the second quarter Spencer’s Retail’s revenue was down by six per cent. However, total expenses declined seven percent.

Spencer’s standalone performance witnessed a sales growth of seven per cent compared to the previous quarter owing to an improvement in sales of non-food category led by general merchandise and apparels.

With lockdown easing in the September quarter, the company’s operational hours also improved as compared to the previous quarter. The company also continues to see strong momentum in its omnichannel business for the second quarter.

The Kolkata-based Spencer's Retail currently operates around 190 multi-format stores in over 42 cities in India. During the quarter, the company added two new Spencer’s stores. Spencer’s has moved a part of its portfolio to value-added, differentiated products. Private labels now consist of about 13 percent of the portfolio.

Apparel margins have gone up by six percent and apparel sales are going up. In general merchandise, the company’s margins have gone up by three percent and the ratio of general merchandise sales to total sales is also going up.

Spencer’s is working on cultural integration, ensuring continuity of customer experience and business, business synergies, and cross synergies identification.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

22nd October 2021, Mumbai:

Puma, the sportswear company, has expanded its retail footprint in North India, adding its largest shop in the region and the country's second after Bengaluru.

The store, which is located in Delhi-Cyber NCR's Hub, is 7,000 square feet and houses limited-edition worldwide collaborations as well as a sports collection for men, women, and children.

World boxing champion MC Mary Kom, Olympic bronze medalist in hockey Rupinder Pal Singh, Indian cricketer Washington Sundar, and singer Harrdy Sandhu all attended the store opening.

"It has always been our endeavour to not only create an immersive shopping experience around the brand and the products but also strengthen our market relevance by staying ahead of the curve in the smart retail era," said Abhishek Ganguly, managing director of Puma India and Southeast Asia, in a statement.

"Opening our flagship shop in Delhi-NCR is a testament to our dedication to the region's sportsmen and fitness aficionados."

"As part of both our offline and online retail channels, we are equally dedicated to offering the finest digital experience," he said. Puma has seen significant success in India in recent years and aims to continue to increase its presence there.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

20th October 2021, Mumbai:

Lifestyle and accessories brand WK Life expects sales revenue of Rs 75 crore ($10 million) by end of next year. The brand has strengthened its retail presence by opening new stores across the country. It has already crossed the 100 franchise stores mark and plans to further expand its presence in Tier II, III cities in the coming months.

WK Life will also diversify its offerings across categories and plans to sell locally produced items to increase its customer base in India. The brand currently imports most of its products.

WK Life also sells online through its website and e-commerce platforms like Amazon, Flipkart, and others. The brand currently gets around 10 percent of its Rs 25 crore sales from online and aims to increase it to 25 percent through tie-ups with various e-commerce platforms.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage