16 November 2023, Mumbai

Singapore's Charles & Keith, the premium accessories brand, has unveiled an exclusive outlet in Bengaluru within the newly inaugurated Phoenix Mall of Asia.
Nestled alongside renowned brands like Aldo, Pantaloons, and Lacoste, the store showcases the brand's chic handbags and trendsetting shoes.

Highlights

Positioned in North Bengaluru, the mall initiated a Diwali shopping festival, featuring discounts on festive items, including fine jewelry.
Having entered the Indian market in 2007, the brand boasts a network of stores in major cities like Mumbai, Chandigarh, Noida, and New Delhi. Founded by brothers Charles and Keith Wong in 1996, the brand has expanded globally with over 600 stores across 37 countries.

Latest Textile Events

08 November 2023, Mumbai

Beauty and fashion e-tailer FSN e-Commerce Ventures, operating as Nykaa, saw a significant 50% rise in consolidated net profit, reaching Rs 7.8 crore in the second quarter of September 2023, compared to Rs 5.2 crore in the same period the previous year.
Nykaa's consolidated revenue surged by 22.4%, hitting Rs 1,507 crore during the reported quarter, compared to Rs 1,230.82 crore a year ago.
Nykaa also reported a 23% year-on-year growth in the gross merchandise value (GMV) of its beauty and personal care (BPC) segment, with a 19% increase in the net sale value (NSV).
Backdrop

This increase was attributed to the growing popularity of home-grown and international brands in India's beauty market.
Furthermore, Nykaa continued to expand its physical retail presence, adding 13 new stores in the quarter, bringing the total to 165 stores as of September 30, 2023.
In the fashion business, the consolidated revenue from operations grew by 28% year on year, reaching Rs 130.5 crore.

Latest Textile Events

16 November 2023, Mumbai

Spanish fashion and lifestyle brand Mango has unveiled its largest flagship store in Mumbai, India. The expansive 10,000 sq. ft. space is situated in the newly-opened Krishna Curve mall on Linking Road, Juhu Garden, Santacruz West.
Among the nine stories, the building hosts various brands such as Marks & Spencer, Nature’s Basket, Fitness First, Home to Life, and Crossword. The new Mango flagship store caters to women, men, teens, and kids, offering a range of clothing, footwear, and accessories.
Backdrop

Myntra, the Indian e-commerce marketplace, serves as the master franchisee for Mango in India, sub-franchising to other operators and selling Mango’s collection through both Mango’s website and Myntra’s online marketplace.
Mango, having tripled its presence in India in the past two years, opened its first flagship store in Bengaluru in March 2023, further expanding its offline stores to 80 by the end of 2022, compared to 28 in 2020. The brand, founded in 1984 in Barcelona, Spain, by brothers Isak and Nahman Andic, continues to grow its online and offline presence in the Indian market.

Latest Textile Events

14 November 2023, Mumbai

Optimistic scenario
The Confederation of All India Traders (CAIT) is hopeful about the sustained durable growth of India's retail sector, as the country gears up for upcoming festivals like Goverdhan Pooja, Bhaiya Dooj, Chhath Pooja, and Tulsi Vivah. The CAIT anticipates that the trade volume could increase by another ₹50,000 crore with these festivals.
Vocal for local
Make in India; The CAIT also witnessed that the Diwali 2023 sales were dominated by Indian products, as only local items were purchased and sold. This reflects a remarkable shift in consumer preferences, as buyers are increasingly opting for domestically produced goods.

Latest Textile Events

01 November 2023, Mumbai

Irasva Fine Jewellery, a name synonymous with timeless elegance and exquisite craftsmanship, unveiled its second store in the heart of Mumbai on November 1st, 2023. The grand opening was a captivating affair, with the radiant presence of Bollywood diva, Malaika Arora.
A Blend of Modern and Timeless
Located at Borivali, the new store is a blend of modern aesthetics and timeless charm, creating an atmosphere that is as beautiful as the jewelry it houses. As you step into the elegant space, you are welcomed by a dazzling array of diamonds, colored gemstones, and uncut Polki diamonds.
A Commitment to Elegance
Irasva Fine Jewellery is committed to creating masterpieces of elegance, and this is beautifully showcased in the new store. With its launch, the brand aims to bring its legacy of elegance and craftsmanship closer to the hearts of the people of Mumbai.

Latest Textile Events

In preparation for the anticipated surge in demand during the upcoming festive season, Direct-to-Consumer (D2C) businesses have implemented substantial measures to enhance their production and storage capabilities, expand their workforce, and allocate additional resources to marketing initiatives. A recent survey conducted by Simpl revealed that nearly 70% of D2C brands anticipate a 2x to 4x increase in sales during this period.
Key Strategies Adopted by D2C Brands:
Production and Storage Enhancement: D2C brands have ramped up their production capacities to ensure adequate inventory levels to meet the anticipated surge in demand. Additionally, they have expanded their storage facilities to accommodate the increased stock.
Workforce Expansion: To effectively manage the expected increase in orders and customer inquiries, D2C brands have significantly bolstered their workforce. This includes hiring additional customer service representatives, logistics personnel, and marketing professionals.
Enhanced Marketing Efforts: Recognizing the importance of brand visibility and customer engagement during the festive season, D2C brands have allocated additional resources to marketing campaigns. This includes social media promotions, influencer collaborations, and targeted advertising efforts.
Anticipated Sales Growth:
The Simpl survey findings indicate that D2C brands are optimistic about the upcoming festive season, with nearly 70% expecting a 2x to 4x increase in sales. This positive outlook is attributed to factors such as increased consumer spending during the festive period, a growing preference for online shopping, and the expanding reach of D2C brands.

31 October 2023, Mumbai

Cult.sport, India's leading sports and fitness brand, has launched its new Burn+ Smartwatch, a revolutionary device with an impressive array of features, including live cricket scores, a 1.78" AMOLED display, Bluetooth calling, and 7-day battery life.
The Burn+ Smartwatch is the perfect accessory for cricket fans, enabling them to stay updated with real-time scores directly on their wrist. It also features a comprehensive range of health and fitness tracking capabilities, including heart rate monitoring, SP02, sleep, steps, calories, and period tracking.

Nuanced picture
In addition to its core features, the Burn+ Smartwatch also offers an always-on display, a social-media QR code feature for seamless sharing, and a dedicated sports mode for optimized workouts.
With access to over 1,000 workout videos, the ability to track fitness goals, and engage in challenges and leaderboards with friends, the cult.sport app takes your fitness journey to the next level.

Latest Textile Events

26 October 2023, Mumbai

ASICS India, a leading sports performance brand, saw profits soar 37.7% to Rs 55.11 crore in the fiscal year 2023, with sales revenue growing significantly by 35.85% to Rs 340.85 crore.
This starkly contrasts to the fiscal year 2022 when ASICS India had a profit of Rs 40 crore and a sales revenue of Rs 250.89 crore.

Latest Textile Events