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Snitch targets Rs 600 crore GMV by 2024-end

Having achieved a gross merchandise value (GMV) of Rs 400 crore, direct-to-consumer(D2C) brand Snitch aims to increase this to Rs 600 crore by end of the fiscal year 2024.

Snitch’s Q-o-Q revenues grew by 35 per cent over the last two years. The brand’s quarterly sales and revenues grew by around 40 per cent during this period fuelled by its offline initiative initiatives. The brand generates most of its revenues form the men’s apparel segments which contributes to around to around 80 per cent of its total operating revenue.
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Siddharth Dungarwal, Founder, attributes this remarkable achievement to the unwavering trust of their esteemed clientele and the tireless efforts of their dedicated team. He emphasises on Snitch's commitment to innovation, staying ahead of fashion trends, and delivering superior style at affordable prices.

In a recent milestone, Snitch secured Rs 110 crore in a series A funding round, earmarking these funds for an expansive retail footprint.

With a blend of customer trust, team dedication, and financial backing, Snitch appears poised to continue its upward trajectory in the realm of men's fashion.

Snitch targets Rs 600 crore GMV by 2024-end

Da Milano unveils Spring Summer 2024 collection

Da Milano has unveiled its highly anticipated Spring Summer 2024 collection, an embodiment of refined taste and sophistication that beckons individuals to embrace their true essence through effortless styling. Each piece of the collection weaves a narrative of timeless craftsmanship intertwined with contemporary allure, offering a glimpse into a world where luxury knows no bounds.
At the heart of the collection lie the Scalloping Bags, coveted essentials that exude grace and charm, tailored for fashion aficionados with discerning tastes. The DM Monogram Collection adds an exclusive touch, embracing both men and women in a realm of sartorial elegance, while the Geometric Patterned collection caters to connoisseurs of refined aesthetics.
For the modern-day career woman, the Day-N-Night Collection stands as a testament to versatility, seamlessly transitioning from the fast-paced boardroom to the chic ambiance of cocktail evenings with effortless grace.
Venturing beyond the confines of accessories, Da Milano introduces a diverse range of trolleys and luggage, marrying style with functionality for avid travelers. From the exquisite textures of Signato to the timeless allure of Croco, the collection offers a plethora of options for individuals with a penchant for luxury.
Small Leather Goods take center stage, each piece a testament to intricate design and meticulous craftsmanship. From mobile covers to jewelry cases, Da Milano presents a symphony of textured leather options, inviting patrons to indulge in a world of opulence.
The color palette of the collection boasts captivating shades like Petrol Green, Tomato, Chocolate, Taupe, and Cognac. Paying homage to its distinctive hues, Da Milano unveils Octane, Ocean, Orchid, Chalk, Ivory Blush, and Honey, each a testament to the brand's enduring legacy of sophistication and charm.
Sahil Malik, Managing Director, Da Milano, remarks, the Spring Summer 2024 collection is a seamless fusion of classic artistry and modern aesthetics. The brand has meticulously crafted a world where tradition meets innovation, inviting individuals to embrace their unique identity through effortless styling.

Da Milano unveils Spring Summer 2024 collection

Strong Consumer Spending Boosts India’s Economy During Festive Season

06 November 2023, Mumbai

As per the latest ETRetail report l
India's economy, one of the world's fastest-growing, is booming with consumer spending during the festive season.
People are splashing out on cars, phones, and TVs, buoying growth. Online platforms like Amazon and Flipkart saw sales rise almost 20% in the first week of festive sales compared to last year.
Digital transactions via the Unified Payments Interface also jumped about 40% in October compared to the same month last year.

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EconomicGrowth

Strong Consumer Spending Boosts India’s Economy During Festive Season

As per the latest ETRetail report l
India's economy, one of the world's fastest-growing, is booming with consumer spending during the festive season.
People are splashing out on cars, phones, and TVs, buoying growth. Online platforms like Amazon and Flipkart saw sales rise almost 20% in the first week of festive sales compared to last year.
Digital transactions via the Unified Payments Interface also jumped about 40% in October compared to the same month last year.

Strong Consumer Spending Boosts India’s Economy During Festive Season

Rare and Basics (R&B) expands footprint with grand opening of Hyderabad store

Fashion enthusiasts in Hyderabad have reason to celebrate as Rare and Basics (R&B), the chic fashion brand under the Apparel Group umbrella, has just unveiled its latest store at Ashoka One Mall in Kukatpally. This marks the 13th retail outlet for R&B in India and the fourth in Hyderabad.

Apparel Group, the global fashion and lifestyle retail conglomerate headquartered in Dubai, introduced R&B to the world in October 2012 with the launch of its first store in Oman. With a presence in seven countries, including India, Oman, UAE, Qatar, Bahrain, Kuwait, and Saudi Arabia, the brand continues to capture hearts across the globe.

In India, R&B has already established itself in key cities such as Kozhikode, Kochi, Ahmedabad, Bengaluru, Mangalore, Mysore, and now Hyderabad. With a portfolio of over 80 brands, including renowned names like Aldo, Tommy Hilfiger, Victoria’s Secret, and more, Apparel Group is making waves in the Indian fashion scene. Hyderabad's fashion scene just got a stylish upgrade with the arrival of R&B's latest store.

Rare and Basics (R&B) expands footprint with grand opening of Hyderabad store

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