Designer Payal Singhal has opened a new flagship store at D7 in Mumbai to house her eponymous brand’s various lines including womenswear, menswear, children’s wear, and accessories.

The brand held a digital launch party for the store opening on September 10 as certain social distancing regulations remain that would prevent an in-store launch party. The ‘PS D7 Digital Launch Party’ on Instagram was held in collaboration with numerous fashion influencers who also posted their own photos to announce the store launch.

The store has a dedicated section for bridal wear with bridal consultations available for customers. The store launch also comes in time for the brand’s upcoming autumn collection launch.

10th September 2021, Mumbai:

Lovable Lingerie posted net loss of Rs 4.22 crore for the period ended June 30, 2020, as against net profit of Rs 3.24 crore for the period ended March 31, 2020. The total income of the lingerie maker declined to Rs 6.68 crore during the period ended June 30, 2020 as compared to Rs.11.43 crore during the period ended March 31, 2020.

It reported EPS of Rs.2.86 for the period ended June 30, 2020, as compared to Rs 2.20 for the period ended March 31, 2020. On a yearly basis, the total income of Lovable Lingerie declined to Rs 6.68 crore during the period ended June 30, 2020, as compared to Rs.53.05 crore during the period ended June 30, 2019.

The company posted net loss of Rs 4.22 crore for the period ended June 30, 2020, as against net profit of Rs.3.55 crore for the period ended June 30, 2019.

The company reported EPS of Rs 2.86 for the period ended June 30, 2020 as compared to Rs.2.40 for the period ended June 30, 2019.

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Businessmen in Surat are trying to get workers back from Odisha by requesting Chief Minister Naveen Patnaik to further urge the Centre to run special trains for workers.

A couple of days back, a bus with labourers, met with an accident while returning from Odisha following which eight workers lost their lives. Hence, businessmen here are trying to get in touch with the Central government for the trains from Odisha to Surat.

Mayur Golwala, Secretary, Sachin Gujarat Industrial Development Corporation (GIDC), said, around six lakh people work in the industry in Surat. Out of these around 50 per cent workers are from Odisha."

If the train service from Odisha starts, laborers in large numbers will be able to come back. The state government should also urge the Centre to resume train services. The industry which is running on 20 per cent to 30 per cent operations will reach 60 per cent to 70 per cent of if they return and boost the work of the industry.

The Uttar Pradesh government is planning to launch exclusive retail outlets to market the state’s pool of ethnic products. While, a majority of these outlets would be set up in UP, stores will also be launched in other states. A standard outlet will span 100 sq. mt. at prominent markets, shopping malls, airports, railway stations etc. Under the scheme, which will be partly financially supported by the state government, any government, semi-government or private organization can apply to run these proposed outlets.

The stores will be launched under the flagship One District-One Product (ODOP) scheme of the Adityanath government. In order to promote indigenous handicrafts under the ODOP programme, the state has already been firming up alliances with organisations and companies, including ecommerce biggies such as Amazon and eBay to provide a global marketing platform to such products, which include leather goods, textiles, wood carvings, brassware, glassware, marble products, carpets etc.

Meanwhile, the products lined up for promotion in the first phase by the state comprise ethnic fabrics and textiles such as Chikan and Khadi, home decor, perfumes, carpets, leather products, handicrafts, etc.

Amazon India is adding five sort centres and expanding eight such existing facilities in the country to strengthen its capacity ahead of the festive season.

The five new sort centres will be launched in Visakhapatnam, Farukhnagar, Bengaluru, Mumbai and Ahmedabad, a statement said.

Apart from these new buildings, Amazon India will also expand eight existing sort centres to increase its overall sortation area to more than 2.2 million square feet, across 19 states, it added.

"With this expansion, Amazon India will strengthen its delivery speed and connectivity for customers and sellers, ahead of the festive season," the statement said.

Amazon's sort centres segregate customer packages before they are shipped to delivery stations. The sortation happens based on the location and mode of transportation of the package to customers. A key element of Amazon's logistics network, these sort centres leverage technology and automation to increase the speed of transporting packages for customers and sellers in the country.

In July this year, Amazon India had also announced expansion plans for its warehousing network by adding 10 new fulfilment centres and expansion of five existing buildings.

Indian billionaire Mukesh Ambani’s retail business Reliance Retail will raise $1.02 billion from Silver Lake, kickstarting a fundraising spree months after its sister venture Jio Platforms raised $20 billion.

The investment in Reliance Retail will grant Silver Lake a 1.75 per cent equity stake in India’s largest retail chain. The deal values Reliance Retail at $57 billion pre-money, its parent firm Reliance Industries said in a statement.

Reliance Retail, which last month acquired several parts of Future Group (India’s second largest retail chain), has 12,000 stores across the country. In the financial year that ended in March, it reported a net profit of $726.4 million. In recent quarters, Oil-to-retail giant Reliance Industries has looked to further expand the reach of Reliance Retail by entering e-commerce space.

Silver Lake’s investment in Reliance Retail will likely be followed by several more high-profile investors in the coming weeks. During Reliance Industries’ annual general meeting in July, Ambani had said the company will “induct global partners and investors in Reliance Retail in the next few quarters.”

Infidigit, a Mumbai-based SEO agency in India, and Myntra bagged two gold awards for successful campaign to drive revenue growth via SEO in Myntra's kids category. They were awarded with Indian Digital Marketing Awards 2020 - Best SEO For Website/Universal Search Ranking and SEM Strategy and mCube Awards 2020 - Best Search Marketing Campaign

Infidigit has been collaborating with Myntra on the SEO front for a long time now. It is due to their combined and consistent efforts that various SEO strategies have left a massive impact on Myntra's digital footprint. The duo had previously received multiple awards for its search marketing campaigns in 2019 and 2018 too.

These awards include wins at previous editions of mCube and IDMA awards. Due to these accomplishments and zeal to be innovative, Infidigit has made a name for itself when it comes to Enterprise SEO services across industries.

Bestseller India has made an unexpected profit in the latest year, despite the pandemic. The better-than-expected outcome means it will avoid its first-ever annual loss.

It also means it has been able to pay back the DKK81 million (€10.9 million) support package it received from the Danish government earlier this year.

The company also owns the Only and Selected brands, as well as a raft of other fashion labels.

Another upside of the fact that the firm remains profitable is that it’s also “gradually looking into recruitment – both in terms of rehiring colleagues and identifying new candidates”.

The company employs around 17,000 people globally with 3,300 of them being in its domestic Danish market. At the height of the pandemic, it laid off 750 people. The firm’s final accounts will close in October.

American men's wear brand, Arrow, a part of Arvind Fashions, has roped in Bollywood star Hrithik Roshan as its brand ambassador for a new campaign ‘On Top of the World’ across digital platforms and print media. The campaign has been conceptualized by WYP Creatives and shot by director and photographer, Tejal Patni. It aims to explore the brand’s strategy of ‘metro drive’ and ‘glamorization.’

Fashion sales fell nearly 70 per cent during the months of April and May. However, with lockdown easing across the country, brands like Arrow are gearing up to make the most of the resurgence in consumption. The brand has recovered 60 per cent of sales and expects to achieve 100 per cent business normalcy by early next year. On the retail front, before the lockdown Arrow set up 25 new concept-stores. It plans to open 20 more stores by December this year.

As Shailesh Chaturvedi, Managing Director and CEO, PVH Brands at Arvind, the rise of work-from-home culture will accelerate the need for relaxed fashion in India Hence, fashion players should take the lead by understanding new consumer needs and adapt quickly, The company is seeing a surge in demand for polo T-shirts, trendy track pants, and open shoes.